China has sold more than $74 billion in US Treasuries in the last year, according to new numbers from the Treasury Department. China has decreased its Treasuries holdings from $849 billion to $775 billion between the beginning of Q2 2023 and Q2 2024, reaching its lowest holdings since 2009. Other countries let go of small […]
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Russian Deputy Foreign Minister Sergey Ryabkov revealed that the BRICS bloc has been considering the use of stablecoins for its common rail payment systems. In an interview with TV BRICS, Ryabkov stated that the use of stablecoins and a connection linking the CBDCs of the participants were studied as part of the integration processes of […]
Russia has integrated the use of digital assets as payment for international transactions in its legislation. President Vladimir Putin signed into law a document that describes using these assets as payment for international settlements, a use case not contemplated in any law, appointing the Central Bank of Russia as the overseer of these transactions. Russia […]
Yury Ushakov, an aide of Russian president Vladimir Putin, revealed plans to create a digital blockchain payment system for the BRICS bloc. Ushakov remarked that the countries of the group would benefit from implementing such a system for the use of governments, common people, and businesses, stating that it would be convenient, cost-effective, and “free […]
Russia has proposed the development and implementation of a BRICS-wide payment system that would use central bank digital currencies (CBDCs) to manage trade settlements. The BRICS bridge, as referred to by Russian Finance Minister Anton Siluanov, would address the fragmentation of the current payment system outside the West’s “unfriendly infrastructure.” Russia Hints at Using CBDC […]
Florida Senator Marco Rubio just issued a warning about the growing global economic alliance known as BRICS. In a new article on RealClearWorld, the Republican senator says the recent expansion of BRICS poses a threat to the SWIFT payment system and America’s ability to weaponize the dollar to sanction people and nations. “As of New […]
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The head of digital assets research at investing giant VanEck Matthew Sigel is expressing bullish sentiment on Bitcoin (BTC). In an appearance on the Unchained podcast, Sigel says that Bitcoin could soar above the all-time high of around $69,044 this year. “So this year looks like a solid year. We think Bitcoin will make an […]
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A former Russian minister says a BRICS currency with unique attributes is nearly ready to launch. In an interview with TV BRICS, Sergey Glazyev says that the currency itself is almost complete, but it still needs support from all leaders of the economic alliance. According to Glazyev, some member nations have already thrown their weight […]
The post BRICS Currency ‘Almost Ready’, Will Be Much More Attractive Than US Dollar, Pound and Euro, Says Ex-Russian Minister appeared first on The Daily Hodl.
A trio of BRICS member nations are unloading billions upon billions of dollars worth of US Treasuries. New numbers from the U.S. Treasury Department show China’s ownership of Treasury securities plunged from $821.5 billion in July to $805.4 billion in August – a decrease of about $16.4 billion. Fellow BRICS member India also pared its […]
The post $18,500,000,000 in US Treasuries Sold by BRICS Trio of China, India and Brazil in One Month appeared first on The Daily Hodl.
Famed American investor Jim Rogers believes the long reign of the US dollar is drawing to a close. In a new interview with the YouTube channel Nomad Capitalist, Rogers says the heydays of the American currency are shifting to the rear view mirror. According to Rogers, one currency that may take the place of the […]
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