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US targets Brazil's Pix and crypto payments as dollar stablecoins quietly take over
Washington views Brazil's promotion of non-dollar payment channels, including the Pix instant payment system, as a threat to dollar-based trade. At the same time, dollar-linked stablecoins already account for around 90% of Brazil's crypto transactions. The US is pressuring Brazil to curb alternative payment channels even as American-dollar stablecoins quietly dominate the country's digital payments.
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