CoinMeta data: According to Coindesk, affected by concerns about the depreciation of the Real during Brazil's general elections, local companies turned to stablecoins and other crypto assets to hedge against exchange rate risks during the closure of traditional financial markets. The Brazilian crypto trading platform Mercado Bitcoin saw a nearly 800% surge in trading volume on the day of the election voting USDT; Bitcoin trading volume increased by 865%, with corporate accounts contributing 78% of the total trading volume for that day. At the same time, the trading volume of the Binance platform's USDT / BRL pairs tripled, while the trading volume of the global BTC / USDT pairs decreased.