At a recent rally, former President Donald Trump voiced strong words on the global shift away from the U.S. dollar. As the BRICS nations (Brazil, Russia, India, China, and South Africa) make strides to conduct trade in their own currencies, Trump warned of significant tariffs—up to 100%—on countries that turn away from the dollar. He emphasized that if re-elected, countries moving toward dedollarization may face restrictions on doing business with the United States.
BRICS & the Dedollarization Movement 🌍💱
The BRICS alliance has made headlines by promoting dedollarization to reduce dependence on the U.S. financial system. A striking example of this is the relationship between China and Russia, with over 90% of their bilateral transactions now completed in their respective currencies. The objective? To create a trade environment less reliant on the dollar—a move that could reshape the global economy.
Why It Matters: The Future of the Dollar
American policymakers, including Trump, view dedollarization as a challenge to the dollar's status as the global reserve currency. As more nations explore alternative currencies, concerns about the dollar’s future in global trade intensify. Trump argues that the dollar’s dominance is crucial for U.S. economic stability and influence, warning that shifting away could have major economic and political repercussions.
Key Points to Watch:
Trump’s Warning: Tariffs of up to 100% on nations that shift away from the dollar.
BRICS’ Strategy: Dedollarization is advancing, especially among emerging economies seeking independence from U.S.-centric financial systems.
Impact on Global Trade: A currency shift by BRICS could reshape the structure of international trade and challenge the dollar’s dominance.
🚀 The Road Ahead: What Does This Mean for Crypto?
The dedollarization trend is sparking conversations around cryptocurrency as a potential alternative in global transactions. Could crypto step in as nations explore new ways to facilitate trade without relying on a single reserve currency? For investors, this is a space to watch closely, as dedollarization could drive interest in decentralized financial assets.
Follow for updates on global finance, dedollarization, and cryptocurrency’s role in a changing economy! 🚀🚀🚀
#usdc #BRICS #dedollarization #CryptoRevolution #Binance

According to Odaily, Whale Alert has reported that the USDC Treasury minted a total of 241,435,861 USDC on the Ethereum blockchain through two separate transactions seven hours ago. The first transaction involved the creation of 191,287,644 USDC, while the second transaction added 50,148,217 USDC.
#usdc #USDC/USDT

Circle has minted hundreds of millions of dollars worth of US Dollar Coin (UDSC) as the second-largest stablecoin by market cap recovers from its recent depegging from the dollar.

USDC, a stablecoin designed to stay pegged to the value of one US dollar, fell in value to as low as $0.87 on March 11 following revelations that Circle had exposure to the collapsed Silicon Valley Bank (SVB).

The stablecoin has since regained its peg and is worth $0.998 at time of writing.

On March 12, blockchain analytics and research firm Nansen found that Circle minted $407,800,000 worth of USDC at once in an apparent sign of the company regaining investor confidence.

“Circle minted $407.8 million USDC about 10 minutes ago

This is the largest USDC minting in the last 7 days

Hourly net change: +$463.8 million.”

Today, Nansen also spotted Circle burning $314,000,000 worth of USDC.

“Circle just burned $314 million $USDC 10 mins ago.”

Circle joined a long list of companies in calling for the US government to step in and save SVB and ensure customers regain complete access to all of their funds. The Federal Reserve Board later announced in a press release that the Federal Deposit Insurance Corporation (FDIC) would be protecting the bank’s depositors, both insured and uninsured.

In a new company blog post, Circle CEO Jeremy Allaire commended the government’s actions.

“Trust, safety and 1:1 redeemability of all USDC in circulation is of paramount importance to Circle, even in the face of bank contagion affecting crypto markets. We are heartened to see the U.S. government and financial regulators take crucial steps to mitigate risks extending from the banking system. We’ve long advocated for full-reserve digital currency banking that insulates our base layer of internet money and payment systems from fractional reserve banking risk.”

#usdc #crypto2023 #bnbgreenfield #Stablecoins #koinmilyoner