Morning Edition · Sunday, July 19, 2026Published at 1:27 AM EDT · New York

Washington Pressures Brazil's Payments System as Dollar Stablecoins Quietly Take Over Its Crypto Flows

The US views Brazil's Pix network and non-dollar channels as a threat to dollar trade, even as dollar-linked stablecoins already account for roughly 90% of the country's crypto transactions.

The United States is pressing Brazil over its payments infrastructure at the same moment American-issued digital dollars are becoming embedded in Brazil's economy. As CoinDesk reports, Washington views Brazil's promotion of non-dollar payme…