Brazil blocks stablecoins from key cross-border payment rail as $1.1 trillion market faces new limits
Brazil's central bank will bar virtual assets, including stablecoins, from settling one specific type of international payment flow starting Oct. 1. Resolution 561 targets the settlement leg between regulated foreign-exchange providers and their overseas coun…
The Brazilian Central Bank (BCB) has announced a significant regulatory move that will impact the stablecoin market and cross-border payments. Starting October 1, 2026, virtual assets, including stablecoins, will be barred from settling a specific type of international payment flow. This decision, outlined in Resolution 561, targets the settlement leg between regulated foreign-exchange providers and their overseas counterparts.
This regulatory change comes at a time when the global stablecoin market is valued at over $1.1 trillion. The BCB's move is part of a broader effort to enhance the security and stability of the Brazilian financial system. The decision is expected to have significant implications for the cryptocurrency and fintech industries in Brazil and beyond.
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