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American trend forecaster Gerald Celente says that BRICS is ready to put the US dollar on its death bed. He argued in a podcast with Cuban-American journalist Rick Sanchez that the alliance has become self-sufficient and no longer needs the US dollar for survival. Members such as China and India have a robust economy and can survive without depending on the USD. China dominates the manufacturing sector, and the US and other Western nations depend on its products to conduct day-to-day business. Russia, despite sanctions, is seeing its economy grow by 1.4% in FY 2024-25. In addition, India’s economy no longer depends on the US and is much self-sustained with local manufacturing and jobs. The BRICS economy is growing and could push the US dollar to its death bed. Also Read: BRICS Countries List Expands in Global Shift, 32 More Waiting to Join “The death of the US dollar has begun as BRICS grows self-sufficient,” said Celente. He explained that the recent tariffs on India...

ASEAN countries are quietly revolting against the US dollar on the ground level without the world noticing. Bobby Liu, a Singaporean digital nomad, roams across Asia armed with a smartphone and scans QR codes for payments. He visits Thailand and pays for a cup of coffee and pizza by scanning the PromptPay QR code. The payment automatically gets converted to their local currency, Baht. Liu then travels to Malaysia and scans their QR code DuitNow and pays in ringgit for anything he buys. The same drill happens when he visits Indonesia, where he scans the QR code through QRIS and pays the rupiah. When he’s in India, he uses the UPI, scans QR codes, and pays in the rupee. You see the shift here? International payments were mostly in the US dollar before, and now, ASEAN countries are using local currencies. None of these are happening through politics, policies, and trade deals; they’re happening with the common and regular people. “Imagine what that kind of instant payment can ...

Donald Trump is once again actively mocking rivals, pushing the US dollar supremacy back on the radar. Trump has issued another stark warning to BRICS, a ten-nation bloc trying to establish its dominance in the global economic hierarchy. BRICS has always envisioned a dollar-free world, spearheading efforts to reduce their dependence on the US dollar. The bloc has also been accelerating de-dollarization drives, which have lately been impacting the dollar harder than ever before. The latest Trump warning has come in light of asserting his dominance, adding how the US dollar is truly irreplaceable and will go dormant in the future. Also Read: US Dollar Still Accounts for the Majority of Global Reserves & Trade Trump Mocks Rivals Source: News9 Donald Trump has once again bellowed a stark warning to BRICS, an alliance that has long been vying for de-dollarization to take global hold. While signing the GENIUS Act into law, Trump was documented stating how BRICS is a little group “which i...

The world’s financial dynamics are evolving at a rapid pace, favoring the rise of new currencies against the mighty US dollar. There was a time when the US dollar had no enemies, no credible foes to question its mettle. Now that the currency dynamics have evolved, the world is now witnessing a pool of new currencies giving stiff competition to the dollar. In such an instance, the Chinese Yuan is emerging as the ultimate challenger, blocking the US dollar from dominating the world currency narratives. Why is the yuan beating the US dollar down again and again? Let’s find out. Also Read: Shiba Inu Price Prediction: How $10K Could 3.5x and Make You a Whale by 2027 Is The US Dollar Collapse Under Works? Source: markets.businessinsider.com / AlexSava/ Getty Images The US dollar is experiencing one of its worst nightmares, the declining stature and valuation that continue to derail and hamper its prestige. Per Bravos Research, the US dollar’s purchasing power has tumbled and is no...

The Nigerian government announced in October last year that the country’s oil and gas firms would settle payments in local currency Naira and ditch the US dollar to advance the de-dollarization agenda. The government emphasized that the move would bolster their local currency usage on the global stage and give the nation’s GDP a boost in the arm. As the policy kicked-in, oil and gas firms are now reeling under losses as refiners are finding major mismatches in sales in naira and purchase of crude in the US dollars. Also Read: Tesla Chair Cashes Out $32M in Tesla Stock, Extending 2024–25 Selloff The government’s Naira-for-crude oil transaction framework is being frowned upon by refiners as refiners’ balance sheets are printing losses. The move is destabilizing Nigeria’s oil and gas industry, which is the largest in the whole of Africa. The de-dollarization agenda is backfiring in Nigeria and oil and gas refiners now want the US dollar for trade settlements. ...

The DXY index, which tracks the performance of the US dollar shows the currency falling below the 100 mark. The US dollar is now hovering around the 99.30 mark on Monday and is attracting heavy bearish sentiments. It dipped by 0.74% shedding close to 0.74 points in the charts on the opening bell. Traders who went long on the greenback this year are all underwater as their portfolios turned deep red. Also Read: G7 Central Banks Confront US Chaos: ECB to Cut Rates, Canada Watches Inflation Source: MarketWatch Taking an entry position now is considered risky as the US dollar is yet to bottom out in the charts. The currency is experiencing a downturn after Trump announced sanctions on over 185 countries early this month. However, he announced a 90-day pause on tariffs after the US stock market crashed but the development is not helping the USD and the markets either. Also Read: Currency Surprise: These 9 Currencies Are Outperforming The US Dollar The US Dollar Getting Wiped Out: Invest in ...

Appearing at Thursday’s Digital Asset Summit, US President Donald Trump has urged Congress to pass stablecoin legislation. During his speech, he reiterated his commitment to the asset class that has been a focal point of his administration since returning to the White House in January. Trump said he “called on Congress to pass landmark legislation creating simple, common-sense rules for stablecoins and market structure.” Moreover, he noted that such legislation will, ultimately, have a positive effect on ensuring the US dollar’s status as the world’s currency. JUST IN: President Trump calls on Congress to pass crypto stablecoin legislation. — Watcher.Guru (@WatcherGuru) March 20, 2025 Also Read: Trump Administration Discusses Acquiring Bitcoin “We Want as Much as We Can Get” US President Trump Speaks at Digital Asset Summit, Urges Congressional Action on Stablecoin Legislation During his campaign for reelection last year, both cryptocurrencies and the US d...

The US dollar has become a very controversial currency to explore at the moment. With Donald Trump leaving no stone unturned to strengthen the US economy, his idea of imposing tariffs on nations is backfiring, sparking trade war narratives to gain momentum. With this development, the dollar is losing its credibility at a rapid pace, with countries busy scurrying for alternatives. Here are three able US dollar alternatives that have been gaining widespread momentum, detailing the US dollar authority on a global pedestal. Also Read: De-dollarization and the Digital Currency Battle: Why Gold-Backed Stablecoins Could Replace the USD 3 Leading US Dollar Contenders On The Rise 1. Cryptocurrencies Beating US Dollar Source: Watcher Guru The US dollar is now facing stiff competition as alternative assets like cryptocurrency are regularly gaining traction at a global pace. One of the prime examples of this is Russia’s increased usage of cryptocurrencies such as Bitcoin, Ethereum, and stable...

The major announcement from the BRICS alliance is that the bloc is divided on the global de-dollarization agenda. The nine-member alliance is seeing divisions as cracks open up from all sides on what the group stands for. While some countries want to launch a new common currency for trade and transactions, others don’t. The breaking up of ideas is causing a split within the group with each country wanting different agendas. Also Read: More Countries Ready to Join BRICS Alliance BRICS: India & Brazil Announce ‘No Interest’ in De-Dollarization BRICS member India has made it clear that it has no interest in ending reliance on the US dollar and will not pursue the de-dollarization agenda. Foreign Minister S. Jaishankar said that India has “absolutely no interest” in undermining the US dollar. He said that the country “has never had a problem” with the greenback and has no plans to replace it. Also Read: India Officially Dismisses BRICS Currency, Praises the US Dollar ...

Tether CEO Paolo Ardoino says USDT will help to successfully keep the US dollar on top of the global financial power structure. In a new post to the social media platform X, Ardoino makes his argument for why USDT is the “most successful tool” for the US dollar maintaining its hegemony. “Tether built, over the last decade, the widest physical and digital distribution network, spacing from thousands of kiosks in Africa and South America to digital remittances platforms, from payment backbones to institutional tools. Every single day our teams and portfolio companies are with their boots on the ground in countless areas within developing countries, helping communities and growing utilization, trust and education into USDT and by reflection into the US economy.” Ardoino notes that USDT is held by more than 400 million people, growing at a pace of 35 million new wallets per quarter, or 140 million new wallets per year. He also says USDT is doi...

Geopolitical tensions are nearing a fever pitch as the global south and the west face off. With de-dollarization efforts at the forefront, the two sides have shown no interest in budging. However, things took a twist for BRICS and the US this week, as the US dollar fell from its two-year high with President Donald Trump’s 100% tariff plan taking a turn. Throughout his campaign for reelection, Trump has not been shy about his perspective on the US dollar. Specifically, he has continued to maintain the importance of the greenback to remain the world’s currency. This week, he has shared an interesting update that adds the latest on what is an extended saga. Source: Watcher Guru Also Read: BRICS to Introduce Bitcoin Reserve? Us Expert Says Its Possible US Dollar Falls From 2-Year High as BRICS & Trump Saga Enters Another Chapter Since his 2024 presidential election win in November of last year, Donald Trump has targeted the BRICS alliance. He has issued a severe warning on the b...

BRICS members Russia and Iran want to abandon the Western-dominated payment messaging system SWIFT. The two countries aim to launch a new payment system as an alternative to the SWIFT mechanism. The sanctioned nations are working towards the formation of a new payment system that will completely get rid of the US dollar for cross-border trade and transactions. Also Read: BRICS: India Most Likely Getting Rid of the US Dollar Read here to know how many sectors in the US will be affected if BRICS ditches the dollar for trade. SWIFT is controlled by the US making BRICS and other developing countries use the messaging system for financial transactions. The US dollar, Euro, and Pound are the most used currency for settlements around the world. Ending reliance on SWIFT will strengthen local currencies and become the de facto currency for trade. Also Read: BRICS: Russia & Myanmar to Trade In Local Currency, Ditch US Dollar BRICS: Russia & Iran Ready To Ditch SWIFT After Launching New P...

BRICS is now under pressure from President-elect Donald Trump to abandon the formation of their new currency. For the uninitiated, the alliance is working on the formation of a basket of currencies to settle cross-border transactions. The alliance wants to cut ties with the US dollar for global trade and use currencies that benefit their native economies. Trump has warned of a 100% tariff on goods entering the US if the bloc sidelines the US dollar globally. Also Read: BRICS Countries React to Trump’s 100% Tariff Threats Read here to know how many sectors in the US will be affected if BRICS ditches the dollar for trade. The American economy will be severely impacted and its global hegemony could be uprooted if the USD is not accepted by developing countries. It could also lead to hyperinflation in the homeland making daily essentials skyrocket. Also Read: BRICS: 2 Countries Pay 80% of Trade in Local Currencies, Not US Dollar BRICS Currency: Economist Predicts its Future Prospects Sourc...