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BRICS Pay: The End of the Dollar Stablecoin Era?
The merging of concepts like BRICS Pay and stablecoins indeed creates a scenario of profound changes in the financial market. The idea of BRICS countries (Brazil, Russia, India, China, and others) coming together to create an alternative payment system to the dollar is a strategic move that could shake the dominance of dollar-pegged stablecoins.
The answer is yes, but not all. BRICS Pay was designed to reduce dependence on the dollar in trade transactions. Therefore, stablecoins that use the dollar as collateral will be directly harmed.
To facilitate trade among themselves, BRICS countries could create and adopt their own stablecoins, backed by their local currencies (such as China's digital yuan) or a basket of currencies from the bloc.
This would result in a loss of market and relevance for dollar-backed stablecoins, which currently dominate the landscape.
Will BRICS Pay weaken stablecoins?
The initiative of BRICS countries to create their own payment system, BRICS Pay, threatens the dollar's dominance in global transactions and, consequently, that of the stablecoins tied to it.
This change could weaken dollar-backed stablecoins in three ways:
1° * Decreased demand: As trade among BRICS countries grows and uses local currencies or new stablecoins from the bloc, the need for dollar stablecoins diminishes.
2° * Loss of relevance: BRICS Pay could become the primary platform for international transactions, undermining the role of dollar stablecoins as a bridge between different currencies.
3° * Encouragement of competition: The creation of an alternative financial ecosystem stimulates the development and adoption of new stablecoins based on other currencies, fragmenting the market and challenging the hegemony of dollar stablecoins.
#BRICSPay
#Stablecoin
#Dolar
#MercadoFinanceiro
The merging of concepts like BRICS Pay and stablecoins indeed creates a scenario of profound changes in the financial market. The idea of BRICS countries (Brazil, Russia, India, China, and others) coming together to create an alternative payment system to the dollar is a strategic move that could shake the dominance of dollar-pegged stablecoins.
The answer is yes, but not all. BRICS Pay was designed to reduce dependence on the dollar in trade transactions. Therefore, stablecoins that use the dollar as collateral will be directly harmed.
To facilitate trade among themselves, BRICS countries could create and adopt their own stablecoins, backed by their local currencies (such as China's digital yuan) or a basket of currencies from the bloc.
This would result in a loss of market and relevance for dollar-backed stablecoins, which currently dominate the landscape.
Will BRICS Pay weaken stablecoins?
The initiative of BRICS countries to create their own payment system, BRICS Pay, threatens the dollar's dominance in global transactions and, consequently, that of the stablecoins tied to it.
This change could weaken dollar-backed stablecoins in three ways:
1° * Decreased demand: As trade among BRICS countries grows and uses local currencies or new stablecoins from the bloc, the need for dollar stablecoins diminishes.
2° * Loss of relevance: BRICS Pay could become the primary platform for international transactions, undermining the role of dollar stablecoins as a bridge between different currencies.
3° * Encouragement of competition: The creation of an alternative financial ecosystem stimulates the development and adoption of new stablecoins based on other currencies, fragmenting the market and challenging the hegemony of dollar stablecoins.
#BRICSPay
#Stablecoin
#Dolar
#MercadoFinanceiro
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Crypto stablecoins 🤔A great strategy for saving?🤫💲
#TUSD #dolar
Crypto stablecoins 🤔A great strategy to save?🤫💲
🤑Stablecoins offer an interesting way to diversify and protect your investments in the cryptocurrency world. Here are some strategies you can consider:
Strategies with Stablecoins💰💷💶💵💴💲
Safe haven in volatile markets:
Why? Stablecoins maintain a stable value, usually pegged to a fiat currency like the US dollar. This makes them a safe haven asset when the cryptocurrency market experiences high volatility.
Crypto stablecoins 🤔A great strategy to save?🤫💲
🤑Stablecoins offer an interesting way to diversify and protect your investments in the cryptocurrency world. Here are some strategies you can consider:
Strategies with Stablecoins💰💷💶💵💴💲
Safe haven in volatile markets:
Why? Stablecoins maintain a stable value, usually pegged to a fiat currency like the US dollar. This makes them a safe haven asset when the cryptocurrency market experiences high volatility.
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Bolivia faces the crisis with cryptocurrencies as a lifeline
The shortage of dollars in Bolivia, exacerbated since 2023, has pushed around 258,000 Bolivians to adopt #Criptomonedas as an alternative to the physical #dolar . The energy crisis and the decline in foreign currency reserves have led Luis Arce's government to repeal the ban on crypto assets in 2024, allowing transactions with stablecoins like #USDTfree . State-owned companies like YPFB plan to use #USDT to import fuel, circumventing currency restrictions. However, the volatility of #USDT , which reached 18 bolivianos in April 2025, raises concerns about speculation and economic stability.
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The BCV does not have the financial muscle to stop the current bull run in the unofficial dollar market, it only has to match or exceed the current rate in that market. If the BCV does not adjust the official rate, the stampede will be worse and we could see a #dolar in Bs.60 or more. The private sector will not finance the government deficit. #Venezuela #Bolivar
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🌎💰 The dollar in check: Goodbye to global hegemony?
As markets heat up, the US dollar faces new challenges. With several countries reducing their dependence on the USD in international trade, are we witnessing the beginning of the end of its dominance?
📉 What is happening:
✅ China, Russia, and BRICS countries are pushing for agreements in local currencies.
✅ Gold and cryptos like Bitcoin are gaining relevance as reserve alternatives.
✅ The FED may keep rates high, but... will it be enough to sustain USD demand?
📉 What is happening:
✅ China, Russia, and BRICS countries are pushing for agreements in local currencies.
✅ Gold and cryptos like Bitcoin are gaining relevance as reserve alternatives.
✅ The FED may keep rates high, but... will it be enough to sustain USD demand?
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FED rate cuts and impact on digital assets, analysis by Javier Garcia de la Torre
Analysis carried out by Javier García de la Torre, Director of Binance Spain and Portugal, in which he examines the way in which these changes may influence the cryptocurrency market.
We expect the planned rate cuts to have a considerable impact on digital asset prices. Lower interest rates increase liquidity in the financial system, driving demand for higher-yielding and riskier assets, including cryptocurrencies. For example, BTC experienced a 375% increase between February 2020 and February 2022 when rates were close to zero.
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🌍 Chinese analysts warn that a major blow is brewing with Russia leading a counterattack on US hegemony. Despite sanctions imposed by the West, the Russian economy has shown resilience and is strengthening its ties within the #BRICS
💱 The #BRICS summit in October promises to be a milestone, as 159 countries have shown interest in joining this effort. #desdolarización Russia is pushing for the creation of payment platforms like BRICS Bridge that seek to challenge the system. #Swift
$USDC $BTC $USDC
💱 The #BRICS summit in October promises to be a milestone, as 159 countries have shown interest in joining this effort. #desdolarización Russia is pushing for the creation of payment platforms like BRICS Bridge that seek to challenge the system. #Swift
$USDC $BTC $USDC
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Venezuela and Russia $BTC #dolar
for those wondering what could be one of the agreements signed between both nations:
Both Russia and Venezuela face economic sanctions from the United States and other Western countries. In this context, cryptocurrencies emerge as a possible way to bypass these restrictions, facilitating financial transactions outside the traditional banking system, what better option than cryptocurrencies.
for those wondering what could be one of the agreements signed between both nations:
Both Russia and Venezuela face economic sanctions from the United States and other Western countries. In this context, cryptocurrencies emerge as a possible way to bypass these restrictions, facilitating financial transactions outside the traditional banking system, what better option than cryptocurrencies.
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According to the president of the National Association of Supermarkets and Self-Services, Ítalo Atencio, the ANSA Basket was set at US$255, while in January 2023, the cost was US$302, which means that in 21 months the price has dropped 15.56%. Is it cheap, give me two?...🙄
The ANSA Basket is calculated based on the price of proteins, basic spreads and cleaning products for a family of 4 people. #Venezuela #dolar #Bolivar
The ANSA Basket is calculated based on the price of proteins, basic spreads and cleaning products for a family of 4 people. #Venezuela #dolar #Bolivar
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guys, I'm new here, who will teach me to earn $💰🎁 without investing🤪 #CryptoMarket4T #BinanceHODLerC #AltcoinBreakout #AltcoinSeasonLoading #dolar
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What is Tether (USDT)?
Tether USDT is a cryptocurrency asset issued on the Bitcoin blockchain via the Omni Layer Protocol. Each USDT unit is backed by one US dollar which is held in the reserves of Tether Limited and can be redeemed through the Tether platform.
Have you ever wondered why Tether is such a common currency on different exchange sites? The cryptoasset market is known for its high volatility, but there are certain cryptocurrencies that maintain their stable value over time.
Have you ever wondered why Tether is such a common currency on different exchange sites? The cryptoasset market is known for its high volatility, but there are certain cryptocurrencies that maintain their stable value over time.
ACTUALIDAD DEL Dolar en Argentina
💰MEP $ 1.263,52
💰CCL $ 1.272,95
💰Cripto $ 1.300,48
💰Blue $ 1.305,00
#dolar #argentina #USDT. #LatinoaméricaCripto
💰MEP $ 1.263,52
💰CCL $ 1.272,95
💰Cripto $ 1.300,48
💰Blue $ 1.305,00
#dolar #argentina #USDT. #LatinoaméricaCripto
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#SatoshiNakamoto where are you #btc they made the dog of the dollar #btc #dolar he was going to be the killer
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Senator Cynthia Lummis Proposes Accumulating 1 Million Bitcoin as a Strategic Reserve
Senator Cynthia Lummis (R-WY) has announced her intention to introduce legislation directing the US government to stockpile 1 million #Bitcoin $BTC , equivalent to more than $68 billion at current prices. During the Bitcoin 2024 conference in Nashville, Lummis explained that the bill would allow #Tesoro de #EE.UU. to purchase Bitcoin for five years as a strategic reserve asset, similar to the government's oil reserve. The senator, a supporter of Bitcoin in Congress, argues that this could help stabilize the #dolar and counter inflation. Although he acknowledges that the legislation is unlikely to be passed before the 2024 election, Lummis is optimistic about the growing political interest in Bitcoin.
Senator Cynthia Lummis (R-WY) has announced her intention to introduce legislation directing the US government to stockpile 1 million #Bitcoin $BTC , equivalent to more than $68 billion at current prices. During the Bitcoin 2024 conference in Nashville, Lummis explained that the bill would allow #Tesoro de #EE.UU. to purchase Bitcoin for five years as a strategic reserve asset, similar to the government's oil reserve. The senator, a supporter of Bitcoin in Congress, argues that this could help stabilize the #dolar and counter inflation. Although he acknowledges that the legislation is unlikely to be passed before the 2024 election, Lummis is optimistic about the growing political interest in Bitcoin.
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