Brazil's Central Bank to Prohibit Cross-Border Payments Using Stablecoins and Cryptocurrencies
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Should l Buy SDEV?
Source: moomoo
Central Bank Regulation: The Central Bank of Brazil has implemented a ban on the use of stablecoins and cryptocurrencies for cross-border payments.
Effective Date: This regulation is set to take effect on October 1st.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy SDEV?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on SDEV
Wall Street analysts forecast SDEV stock price to rise
0 Analyst Rating
0 Buy
0 Hold
0 Sell
Current: 1.310
Low
Averages
High
Current: 1.310
Low
Averages
High
No data
About SDEV
Stablecoin Development Corporation, formerly NovaBay Pharmaceuticals, Inc., is an on-chain holding company focused on long-duration participation in protocol-aligned digital asset ecosystems. Its initial digital asset focus is the Sky protocol ecosystem, with SKY as its core holding. Through staking and other on-chain activities, the Company seeks to generate protocol-level economic exposure while maintaining governance, risk management, and public-company discipline. The Sky Protocol is a decentralized, non-custodial software protocol built around the USDS stablecoin and governed by Sky ecosystem participants through on-chain governance processes. The protocol is implemented through open-source smart contracts deployed on the Ethereum blockchain. The Sky Protocol includes two primary native tokens: USDS, a collateral-backed stablecoin designed to maintain a soft peg to the U.S. dollar, and SKY, the protocol token used in governance and certain protocol-level economic mechanisms.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Brazil's Central Bank to Prohibit Cross-Border Payments Using Stablecoins and Cryptocurrencies
Central Bank Regulation: The Central Bank of Brazil has implemented a ban on the use of stablecoins and cryptocurrencies for cross-border payments.
Effective Date: This regulation is set to take effect on October 1st.
See More
Brazil's Central Bank to Prohibit Cross-Border Payments Using Stablecoins and Cryptocurrencies
Central Bank Regulation: The Central Bank of Brazil has implemented a ban on the use of stablecoins and cryptocurrencies for cross-border payments.
Effective Date: This regulation is set to take effect on October 1st.
See More
