Trump targets Brazil's payments system while dollar stablecoins are quietly overtaking country's payments

The US will impose a 25% tariff on most Brazilian goods starting July 22, targeting Brazil's state-run Pix instant-payment system. The US views Pix as a potential threat to dollar-based trade, despite dollar-linked stablecoins accounting for about 90% of Brazil's crypto transactions. Ambassador Jamieson Greer says the move is necessary to ensure a level playing field for American workers and companies.