Russia’s SWIFT exclusion in 2022 spurred alternative system planning. BRICS members seek autonomy in international settlements. XRP’s speed and cost-efficiency seen as …
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Tag:
BRICS
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Regulation
Saudi Arabia Eschews Formal BRICS Membership To Avoid Antagonizing US: Report
by shayaanby shayaanThe nation of Saudi Arabia is reportedly forgoing formal membership in the intercontinental economic alliance BRICS as a means of avoiding antagonizing …
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Finance
Russia Addresses US Tariff Threats as BRICS Ramps up Dollar Escape Plan
by shayaanby shayaanRussia called U.S. threats over BRICS currency moves serious but stressed the bloc isn’t replacing the dollar—only modernizing finance to counter monopolistic …
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Finance
Russia Pushes Digital Finance for BRICS as De-Dollarization Gains Momentum
by shayaanby shayaanBRICS nations are advancing digital assets like tokenized gold and crypto to reduce reliance on dollar-based financial systems. Concerns over the U.S. …
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Finance
Brazil to Push Cryptocurrency as a Priority for International BRICS Trade
by shayaanby shayaanBrazil will push crypto initiatives, including a blockchain payment system, to expedite international trading as part of its presidency at BRICS this …
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Adoption
USDT will save dollar from gold-backed BRICS currency says Tether CEO Paolo Ardoino
by shayaanby shayaanPaolo Ardoino, CEO of Tether, stated today that USDT stablecoin adoption in developing nations effectively creates a decentralized market for US debt, …