In Brazil, cryptocurrency adoption isn’t being led by traders betting big on volatile tokens. It’s being shaped by younger, more cautious investors, often using stablecoins and tokenized bonds as a way to protect their wealth.

According to new data from local cryptocurrency exchange Mercado Bitcoin, shared with CoinDesk via a report titled “Raio-X do Investidor em Ativos Digitais,” the fastest-growing cohort of the investor base this year was under 24.

Participation among that age group increased 56% from the previous year, with many opting for low-volatility assets, such as stablecoins and digital fixed-income products, as their entry point, the report said.

These products, offered on the platform as Renda Fixa Digital (RFD),…