Urgent update

Recent reports suggest that Saudi Arabia has informed the Biden administration of its decision not to extend the petro-dollar deal, causing serious concern in the United States. This move has the potential to dramatically change the global financial landscape.

One immediate consequence could be increased volatility in USD-pegged stablecoins such as USDT and USDC. Investors can begin reallocating their holdings from these dollar-pegged stablecoins to Bitcoin, preferring gold and silver globally. China's recent surge in gold purchases may indicate that they are preparing for major economic changes.

While these changes are unlikely to happen immediately, it is important to keep a close eye on market reactions starting Monday and in the weeks ahead. Many international contracts are still denominated in US dollars, so the full impact may take some time to emerge and may not be as sudden as some have anticipated. Nevertheless, the conclusion of this 50-year agreement will inevitably lead to significant changes in the world economic order. Stay tuned and watch these events unfold in the near future.

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