"The banks will make more margin in [Brazil's crypto market] than we will." —
@chrismaurice
"You don't have to shave that many bips on several billion dollars of volume to eat well at night."
Brazil recorded $318.8 billion in crypto activity in the year to June 2025, and stablecoins made up 90% of its domestic flows, according to Chainalysis.
"Brazil is 100% a volume play."