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Brazil quietly tripled its IOF tax, from 1.1% to 3.5%. Card spending, cash FX, and remittances were all hit. That means every dollar sent abroad, or every coffee bought with an international card, now comes with a 3.5% toll. Suddenly, stablecoins became the obvious workaround.

We believe the future of payments is on-chain, which is why launching an EVM appchain is a strategic milestone for us. Integrating legacy systems like PIX with blockchain infrastructure is a smart and forward-thinking move.