CryptoCoinDeskabout 3 hours ago
US tariffs target Brazil's Pix payment system
1 min read
The United States will impose a 25% Section 301 tariff on most Brazilian goods starting July 22, targeting Brazil's state-run Pix instant-payment system. Pix processes more transactions than cards and disadvantages American firms like Visa and Mastercard. Meanwhile, dollar-linked stablecoins account for roughly 90% of crypto transaction volume in Brazil.
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