๐ At the BRICS 2025 summit in Rio, Putin just turned up the heat:
> โGlobalization is outdated. Itโs time for emerging markets to trade in their own currencies.โ ๐๐ฅ
๐ธ Translation? BRICS is DONE with the dollar.
90% of Russiaโs BRICS trade is already in local currencies.
New payment system ("BRICS Clear") in the works to bypass SWIFT.
๐งจ Enter Trumpโฆ and heโs NOT having it.
The former U.S. President fired back, threatening a 10% tariff on any country backing โanti-Americanโ BRICS moves.
Heโs even floated the idea of 100% tariffs before. ๐ณ๐บ๐ธ
๐ What this means for crypto:
More de-dollarization = more use cases for stablecoins, CBDCs, and alt payment rails
Global finance is becoming multi-polar โ and Web3 might be the neutral middle ground
๐ฏ
Putin: โLetโs ditch the dollar.โ
Trump: โTry it, and Iโll tariff you into next week.โ
Markets: Watching this global chess match very closely.
๐จ๏ธ Do you think the BRICS play could actually threaten USD dominance?
