According to Balaji (@balajis), ipecity in Brazil is pioneering digital governance by integrating onchain ID (ENS), onchain social graphs (EFP), and stablecoins, demonstrating crypto's maturity for real-world applications (Source: Balaji Twitter, May 16, 2025). This move signals increased adoption of Ethereum-based protocols and stablecoins, likely boosting trading volumes in governance tokens, identity solutions, and stablecoins. Traders should monitor related assets for potential upward momentum as onchain governance platforms gain traction in emerging markets.