October 1, 2023 5:10 pm

With Over $1 Trillion Withdrawn From Failing US Banks in Recent Months, is BRICST the New Digital Currency a Genuine Alternative to the USD and USDT

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With Over $1 Trillion Withdrawn From Failing US Banks in Recent Months, is BRICST the New Digital Currency a Genuine Alternative to the USD and USDT

In a significant development, Russian Foreign Minister Sergey Lavrov has revealed that de-dollarization is already underway, driven by the US government’s rhetoric and policies. Lavrov highlights the active efforts of the BRICS alliance, consisting of Brazil, Russia, India, China, and South Africa, to forge a path forward without the US dollar. This article explores de-dollarisation’s growing momentum and its potential ramifications on the global economy. The long-term consequences of de-dollarization could reverberate across the global economy. The roles of international institutions like the International Monetary Fund and the World Bank and the dominance of the US dollar itself may be compromised. This shift can potentially reshape the balance of power in international finance and impact nations
BRICSTether.com

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With over $1 trillion withdrawn from failing US banks in recent months, is BRICST the new digital currency a genuine alternative to the USD and USDT

In a significant development, Russian Foreign Minister Sergey Lavrov has revealed that de-dollarization is already underway, driven by the US government’s rhetoric and policies. Lavrov highlights the active efforts of the BRICS alliance, consisting of Brazil, Russia, India, China, and South Africa, to forge a path forward without the US dollar. This article explores de-dollarisation’s growing momentum and its potential ramifications on the global economy.
The long-term consequences of de-dollarization could reverberate across the global economy. The roles of international institutions like the International Monetary Fund and the World Bank and the dominance of the US dollar itself may be compromised. This shift can potentially reshape the balance of power in international finance and impact nations’ monetary policies.

BRICS Tether, a new digital stablecoin that’s 100% asset-backed, announced it will allocate as much as 20% of its profits, and capital to Bitcoin, to support its growth and liquidity.
With over 1 trillion withdrawn by US bank customers since March 2023, as they flee the collapsing US banks, and with 30 Countries now wanting to join the BRICS nations, with their plans for a new world reserve currency, the announcement by BRICSTether to support Bitcoin is a major sign, that Bitcoin will have a significant role to play in the shift away from the use of the USD.
USDTether also just announced it will invest 15% of its profits into Bitcoin, another boost for the controversial cryptocurrency.

BRICSTether, a newly launched 100% asset-backed digital stablecoin, to be an alternative to the USD, and USDT.

BRICSTether.com was launched early to be an alternative 100% asset-backed digital currency for BRICS-plus nations (35 nations, and growing).

BRICSTether.com

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Resources:
https://t.me/BRICSTether/204
https://cryptonetwrk.com/2023/05/29/with-over-1-trillion-withdrawn-from-failing-us-banks-in-recent-months-is-bricst-the-new-digital-currency-a-genuine-alternative-to-the-usd-and-usdt/

Opinion pieces don’t necessarily reflect the position of our news site but of our Opinion writers.

Original Source: With Over $1 Trillion Withdrawn From Failing US Banks in Recent Months, is BRICST the New Digital Currency a Genuine Alternative to the USD and USDT

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