$USUAL A decentralized Fiat Stablecoin issuer | Rashid_Mahmood on Binance Square

Trending Articles

Bookmarked and Liked

--

Bullish

$USUAL A decentralized Fiat Stablecoin issuer

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

2.2k

0

Replies 0

Explore the latest crypto news

⚡️ Be a part of the latests discussions in crypto

💬 Interact with your favorite creators

👍 Enjoy content that interests you

Email / Phone number

Relevant Creator

@Rashid_Mahmood_Pk

Explore More From Creator

$USUAL Whale Sold At High Price

--

Russia has announced that nearly all of its trade with India and China is now conducted in national Russia has announced that nearly all of its trade with India and China is now conducted in national currencies, marking a significant shift away from the U.S. dollar. President Vladimir Putin revealed that over 90% of trade with China is now settled in rubles and yuan, while more than 50% of trade with India follows the same trend. This change came in response to Western sanctions imposed after Russia's invasion of Ukraine in 2022, which blocked access to global financial systems like SWIFT. As a result, Russia has been pushing for local currency settlements, forging stronger economic ties with China and India to bypass traditional financial systems. Trade between Russia and China has surged, with both countries deepening their "strategic partnership." In 2023, bilateral trade reached a record $240 billion, and economists expect it to grow further by 2024. Over 90% of this trade is now conducted in rubles and yuan, with the share of yuan in Russia’s exports to China skyrocketing from 0.5% in 2021 to 16% in 2022. Similarly, imports from China saw yuan usage rise from 4% in 2021 to 23% the following year. Meanwhile, the U.S. dollar’s role in this trade has significantly diminished, falling from 46.8% in 2021 to nearly zero by 2023. Russian banks have also increased their yuan reserves, surpassing dollar reserves by December 2023. India, although slower to adopt these changes, now conducts more than 50% of its trade with Russia in local currencies. This shift is part of a broader "de-dollarization" strategy, which Putin has championed, claiming that the dollar has become a tool for Western political agendas. While there has been some tension between Putin and former U.S. President Donald Trump, with Trump threatening high tariffs on countries that move away from the dollar, Putin has expressed his readiness to engage with Trump if he wishes to meet in the future.$BTC

--

$BTC Is Going to Dumps.......0.000001$

--

Don't Worry, You Can Buy It At when Low.

--

--

Latest News

Rising Global Government Bond Yields Amid Cryptocurrency Bull Market

--

Aethir Announces $100 Million Fund Focused On AI And DeFAI Projects

--

Tariff Policies May Lead To Inflation, But Fed Expected To Remain Patient

--

Telegram's Commitment To Free Speech Unaffected By Political Cycles

--

CoinDesk 20 Index Sees Decline With Mixed Asset Performance

--

Cookie Preferences

Cookie Preferences