Brazil moves to ban algorithmic and other stablecoins like Ethena’s USDe
Published on: Wednesday 04 February 2026
New legislation requires all stablecoins to be fully backed by reserve assets and introduces penalties for issuing unbacked, algorithmic or other stablecoins.
News source: https://www.coindesk.com/policy/2026/02/05/brazil-moves-to-ban-algorithmic-stablecoins-like-ethena-s-usde
