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Brazil’s stablecoin classification challenged by Visa and Coinbase

Brazil could be the next battleground for a stablecoin debate following recent comments by the country’s central bank Coinbase, Visa, Binance and Tether have opposed Brazil’s proposal to classify stablecoins as electronic money. The companies, all members of the Brazilian Association of Cryptoeconomics (Abcripto), were responding to comments made last week during a hearing of Congress’ Economic Development Committee. Fábio Araújo, a consultant i…
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PaymentExpert.com broke the news on Tuesday, July 7, 2026.
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