Tag

#De-dollarization

2 articles

Crypto

BRICS Pay Challenges Dollar Dominance

A new blockchain-backed financial system, BRICS Pay, has launched, challenging the U.S. dollar's global dominance by enabling direct cross-border settlements between nations. The system bypasses SWIFT and is gaining traction, especially in energy trade, potentially impacting U.S. debt financing.

2 days ago
Crypto

Iran Turns Strait of Hormuz into $2M Toll Booth

Iran has transformed the Strait of Hormuz into a lucrative "toll booth," charging up to $2 million per vessel and demanding payment in Chinese yuan. This move has drastically reduced traffic by 94.6% but created a two-tier energy market, impacting Western economies with higher fuel costs and supply chain disruptions while benefiting allied nations.

2 weeks ago