Coinbase urges Brazil to keep stablecoins under crypto framework, warns of regulatory insecurity

Coinbase publicly advised Brazil's next government and Congress to regulate stablecoins within the existing crypto-asset legal framework, rather than as electronic money or foreign currency, warning that misclassification could create regulatory insecurity. The statement is a policy recommendation ahead of Brazil's 2026 elections, signaling industry lobbying on a key regulatory decision. The outcome is uncertain as it depends on future legislative action.