Over 1 Trillion Withdrawn by US Bank Customers Since March 2023, as They Flee the Collapsing US Banks, and 30 Countries are Now Wanting to Join the BRICS Nations With Their Plans for a New World Reserve Currency
By BRICSTether
Over 1 trillion withdrawn by US bank customers since March 2023, as they flee the collapsing US banks, and 30 Countries are now wanting to join the BRICS nations with their plans for a new world reserve currency.
This has led to the early launch of BRICSTether, a newly launched 100% asset-backed digital stablecoin, to be an alternative to the USD, and USDT.
US bank depositors are fleeing the failing U.S. Banking system, with over $1 trillion in US bank withdrawals in the last 8 weeks alone, which has led to the early launch of BRICSTether, a newly launched 100% asset-backed digital stablecoin, to be an alternative to the USD, and USDT.
PayPal’s also just announced a record $1 billion in crypto transactions for Q1, up 30% and USDT announcement that they will invest 15% of their profits into Bitcoin is good for the industry says BRICSTether spokesperson.
BRICSTether, a newly launched 100% asset-backed stablecoin, to be an alternative for those fleeing from the failing U.S. Banking system, and an alternative to the USD, and USDT, says PayPal’s record $1 billion in crypto transactions for Q1, up 30% is good for the industry, said one of its spokespeople via a recent release.
BRICSTether.com has also announced its plans to launch a mobile payment app, similar to PayPal and WeChat, to increase mainstream adoption of cryptocurrencies.
BRICSTether is a new stablecoin,100% asset-backed, that’s paying holders 10% per annum if they hold it for a minimum of 12 months, or 5% pa if held for 90 days.
It’s listed on several exchanges already, in Azbit.com and Coinsbit.io, and plans to be listed on larger exchanges this year.
They said they are also open to partnering with companies like Chat and AliPay, and also PayPal.
With many wanting to get their money out of USD and what many fear in more collapsing US banks, a 100% asset-backed stablecoin not exposed to the U.S. banks like USDT and USDC, that pays 10% pa, is very attractive to many, especially those new to crypto, that are concerned about Bitcoin’s volatility
US Presidential Nominee Vikek Ramaswamy, also stated at the Bitcoin Miami Conference recently, that if elected he will reform the Federal Reserve and put it in its place and ensure alternative currencies and innovations are allowed to exist and compete as alternative banking systems to the failing US Federal Reserve system.
The BRICS nations now see cryptocurrency as necessarily evil to provide alternatives to the US financial system, and BricsTether.com plans to be a dominant player for not just the 5 BRICS nations but also the 30-plus countries that wish to join.
