CoinMeta data: Due to election turmoil in Brazil, the stock market plummeted by 19%, leading many to flock to stablecoins. On the day of the election, the trading volume of USDT on Mercado Bitcoin surged by nearly 800% compared to the previous Sunday. Corporate clients accounted for 78% of the total trading volume on that exchange to protect their funds. With Lula's unexpected victory, on Monday, the total trading volume of USDT and USDC reached $350 million among the tracked exchanges, a 65% increase from the previous week.