#ustargetsbrazilpaymentsystemviasection301 ๐บ๐ธ๐ง๐ท US and Brazil: "If you don't let me eat, I'll tax you."
Brazil has a payments system called Pix: transfers that are nearly instant, with very low fees, and so popular that many users tap Pix more than cards.
That also means every transaction that goes through Pix instead of Visa or Mastercard costs these two giants additional revenue.
USTR opened an investigation under Section 301, looking into whether policies surrounding Pix create disadvantages for foreign payment businesses. After that, the US announced a 25% tariff on certain Brazilian goods.
Sometimes international economics is kind of funny: a booming payments app, and in the end the ones who "take the hit" are agriculture products and exports.
๐ But the new plot twist is whatโs really noteworthy...
While the US was busy protecting Visa and Mastercard, $USDT was quietly benefiting.
Stablecoins are being used more and more in Brazil for cross-border payments and as a hedge against local currency volatility. The US dollar influence still expandsโthis time via blockchain instead of credit cards.
Crypto is definitely the "third beneficiary": no arguments, no lobbying, just quietly pulling in more volume. ๐
๐ For traders, this isnโt just a story of the US versus Brazil. When trade, payments, and stablecoins overlap, capital flows can also shift. This isnโt necessarily a sign of reversal from
$BTC or the crypto market, but itโs a variable worth watching.
๐ค In your opinion, whoโs the real winner at the end of this game?
#Brazil #Pix #Crypto