Brazil launches new platform for reporting crypto-assets
Established by the Brazilian Federal Revenue Service in November 2025, DeCripto creates a new model for reporting information on crypto-asset transactions and aligns Brazil with the international transparency standard of the Organization for Economic Cooperation and Development (OECD), known as the Crypto-Asset Reporting Framework (CARF).
According to the Revenue Service, the adoption of this standard aims to increase oversight of transactions involving digital assets, combating currency evasion, money laundering, and the financing of criminal activities.
Stablecoins – cryptocurrencies designed to track the value of traditional currencies, such as the dollar and the real – now account for the majority of crypto-asset transactions reported to Brazil’s Federal Revenue Service. The tax authority estimates that these assets accounted for approximately 80 percent of the trading volume in 2025.
This figure reflected a shift in the profile of the Brazilian market on the eve of DeCripto’s entry into force. The use of this tool becomes mandatory this July.
What’s new
Stablecoins are cryptocurrencies designed to maintain a stable value, typically equivalent to that of a fiat currency (a currency issued by a central bank). In practice, a stablecoin pegged to the dollar aims to be worth approximately USD 1, while a stablecoin pegged to the real tracks the exchange rate of the Brazilian currency.
This makes these assets widely used for moving funds, international transfers, and protection against the volatility of other cryptocurrencies.
Historical data from the Revenue Service show that this type of asset has gone from occupying a secondary role in the domestic market to becoming predominant in just a few years.
From August 2019 to December 2025, approximately BRL 1.58 trillion in buy and sell transactions involving major crypto-assets was reported. Of this total, about BRL 1.13 trillion – equivalent to 71.7 percent – was attributable to stablecoins.
In recent years, the monthly share of these assets has remained above 80 percent of the trading volume.
USDT ranks first
Among the stablecoins traded, USDT – issued by Tether and pegged to the U.S. dollar – accounts for nearly nine out of every ten reais traded in this segment.
According to official data, the currency accounted for 88.7 percent of the total reported volume from August 2019 to December 2025, equivalent to approximately BRL 1 trillion.
Next are USDC, also pegged to the dollar, with 7.1 percent, and BRZ, a real-backed stablecoin, accounting for 3.4 percent of the analyzed volume.
More transactions
The rise of stablecoins is also reflected in the number of trades executed.
Over the period analyzed, 185.7 million buy-and-sell transactions involving these assets were recorded.
Trading activity began to gain momentum primarily in 2024. In November of that year, 18.2 million stablecoin transactions were reported, while the cryptomarket as a whole recorded 31.9 million transactions.
New requirement
The Revenue Service notes that a significant portion of stablecoin transactions takes place through foreign-based crypto-asset service providers.
With the entry into force of DeCripto, these companies will also be required to report transactions conducted with Brazilian customers, provided they offer their services to the domestic market.
This requirement applies to both companies established in Brazil and foreign platforms operating in the country, as stipulated by law.
The obligation to provide information does not depend on whether taxes are due, and is part of a series of measures to increase transparency in transactions involving digital assets.
