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…
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Part of a tracked trend
Dollar Statecraft Collides With Stablecoin-Driven Dollarization
The US increasingly uses payment-system access as geopolitical leverage while dollar stablecoins organically expand the greenback's foreign transaction share, and these two forces will keep recurring together as tokenized dollars scale.
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