Brazil's Gen Z is significantly driving the country's cryptocurrency adoption, particularly through stablecoins and tokenized bonds such as Renda Fixa Digital (RFD). According to Coindesk, there has been a 56% increase in users under 24 engaging with these digital assets. Mercado Bitcoin reports that the volume of RFD doubled in 2025, reaching a distribution of 1.8 billion reals. Middle-income Brazilians are increasingly holding up to 12% of their assets in stablecoins, while lower-income investors show a preference for Bitcoin. In response to this growing trend, Brazil's central bank has mandated that crypto service providers obtain licenses. This development comes as global regulatory frameworks, like the EU's Markets in Crypto-Assets Regulation, continue to influence the industry.