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🚨 Brazil says NO to algorithmic stablecoins 🇧🇷

The Chamber approved a project that prohibits algorithmic stablecoins in the country.
The regulator's message is clear: after cases like the collapse of UST, the focus now is on investor protection and system stability.
💡 What does this change?
Stablecoins without real backing are out of the game
Priority for models with auditable reserves
More regulation, less "high-risk experiments"
Innovation is welcome — but not at any cost.
Brazil is beginning to outline a more mature crypto market… do you see this as progress or a brake on innovation? #KevinWarshNominationBullOrBear #Binance #CRİPTO $BTC