Look at this chart of USD/BRL. The parabolic movement we saw in recent days takes your breath away (and keeps many people awake).

What's happening?

The chart shows an aggressive breakout of barriers, reaching the level of 5.497. When we see a "straight line" like this going up, the market is sending a clear signal of uncertainty and a search for protection.

Why does this matter to us here at Binance?

Purchasing Power: For those living in Brazil, the cost of living (fuel, electronics, supplements) rises at the same speed as this green line. Dollarization is a Necessity: Having part of your assets in USDT or USDC stops being a trading strategy and becomes a matter of survival to protect purchasing power. Crypto as a Hedge: With the local fiat currency devaluing, Bitcoin and Stablecoins become a safe haven against the galloping inflation that this chart predicts.

⚠️ Moment of caution: Parabolic movements tend to have corrections, but the new "floor" for the dollar seems to have risen in level.

And you, have you dollarized your portfolio today or will you wait for the dollar to hit 6.00? 👇

#BRL #USD #Stablecoins #USDT #Macroeconomics #BinanceSquare #Brasil #Economia