Post by Augustine Chiagozie (@pabloexchange)

💲 Trump targets Brazil's Pix while dollar stablecoins dominate its crypto market

Washington is pressuring Brazil over its promotion of non-dollar payment channels — including Pix, the country's popular instant payments network — framing them as a threat to dollar-based trade.

The irony: dollar-linked stablecoins already account for roughly 90% of Brazil's crypto transactions. The very instrument Washington fears losing ground to is overwhelmingly denominated in dollars.

The tension reflects a broader U.S. push to assert dollar dominance in global payments, even as stablecoins quietly extend that dominance through the back door.

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