#btc

The adoption of Bitcoin and stablecoins by the BRICS could accelerate dedollarization

#Bitcoin (BTC)

For decades, the US dollar has dominated international trade and has established itself as an essential global reserve. However, this absolute reign is now being challenged by the BRICS bloc. Thus, geopolitical tensions and the rise of cryptocurrencies are pushing several countries to seek alternatives to the greenback. Bitcoin and stablecoins are emerging as instruments capable of circumventing the supremacy of the dollar, but paradoxically, they could also reinforce its influence.

A dollar bill disintegrating into Bitcoin and stablecoins, perfectly capturing the economic shift towards the BRICS!

Bitcoin and sanctions: a weapon to circumvent the dollar

The economic sanctions imposed by the United States have accelerated the adoption of cryptocurrencies in several countries within the BRICS bloc.

Facing exclusion from the traditional banking system, some states and companies are turning to Bitcoin to continue their trade exchanges.