"Stablecoins did not arrive to fight PIX. That was the message from Antônia Souza, Visa's Director of Digital Currencies for Latin America and the Caribbean. "We are not here to fight against PIX", she said, pushing back on a framing that has become common across the region. In her view, the two serve different jobs. PIX is built for real-time everyday payments, while stablecoins are meant for cross-border flows, such as sending money abroad or storing dollars more easily."