Brazil's central bank just capped stablecoin payment companies without bank infrastructure at $100,000 per transaction.
"A lot of the other players that are essentially stablecoin payment companies are now capped at 100,000 per transaction because they don't have a bank infrastructure. Since we actually operate under a bank infrastructure, we don't have the caps that those companies are subject to."
"Before the regulation they would essentially do any volume and they wouldn't have to follow any rules. With the new regulations in place by the central bank, we actually see more and more consolidation of big players into bank structures."
@bebrites, Co-founder & CEO of
@FinanceTrace on the show last week.