BRICS Gold-Backed Currency to Replace US Dollar
BRICS’ gold-backed “Unit” currency aims to challenge the US dollar, but experts doubt its viability due to geopolitical and logistical…
How Stablecoins Are Impacting the Foreign Exchange Markets
How Stablecoins Are Impacting the Foreign Exchange Markets is a question that increasingly dominates the global financial market …
US Central Bank Has Been Hit by $1T in Losses, Affecting USD
The US central bank faces the effects of the de-dollarization by BRICS nations as it sees a massive $1 trillion loss. Amid the BRICS’…
Gold Prices Drop Below $2,300
As U.S. Treasury yields rose this month, gold prices extended their downward trend this week, falling below the $2,300 threshold at the…
MiCA Could Propel EUR Stablecoin to Compete with USD Coins
The introduction of MiCA could propel EUR Stablecoin which would trigger a new competition for USD coins currently dominating the market. The…
Countries Turn to BRICS Currency Over US Dollar
Two more countries turn to BRICS currency instead of the US Dollar as the BRICS continue to convince developing countries to de-dolarize.…
Arthur Hayes Offers Ways to Solidify Yen Value Against USD
Former CEO of BitMEX Arthur Hayes has suggested some strategic means to help keep the Yen from falling and to stand firm against the USD. In…
Nigeria, India Ditch USD
An early conclusion of a local currency settlement system agreement has been reached between India and Nigeria in an effort to strengthen…
Pakistan Rupee Sees Modest Rise Against USD After IMF Meeting
Pakistani Rupees Are up 0.03% against the USD after the IMF meeting, fueling hopes for a $1.1 billion loan and potentially attracting foreign…