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CATEGORY: dedollarization

Accelerating Dedollarization through Increased Bitcoin and Stablecoin Adoption
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Mar 15, 2025 05:55

Accelerating Dedollarization through Increased Bitcoin and Stablecoin Adoption

As Bitcoin and stablecoin adoption continues to rise, experts believe that this trend could accelerate the process of dedollarization around the world. The increasing use of these digital currencies could pose a challenge to the dominance of the US dollar in global trade and finance. With the growing popularity of Bitcoin and stablecoins like Tether [...]

The post Accelerating Dedollarization through Increased Bitcoin and Stablecoin Adoption appeared first on Crypto Breaking News.

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Yuan Usage Soars in Argentina: Over 500 Companies Request to Pay for Imports in Chinese Currency, Report
Author: btcethereumadmin
United States
Source: BTC Ethereum Crypto Currency Blog
Jun 27, 2023 01:20

Yuan Usage Soars in Argentina: Over 500 Companies Request to Pay for Imports in Chinese Currency, Report

Over 500 companies in Argentina have reportedly requested to pay for imports using Chinese yuan as the U.S. dollar shortage worsens. “The central bank doesn’t have dollars so it needs the emergency aid China is offering,” a trade economist in Buenos Aires explained. Chinese Yuan Usage Hits Record High in Argentina The Argentine customs agency

The post Yuan Usage Soars in Argentina: Over 500 Companies Request to Pay for Imports in Chinese Currency, Report appeared first on BTC Ethereum Crypto Currency Blog.

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US Treasury Secretary Defends Dollar Dominance as Emerging Markets Push to De-Dollarize
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Jun 25, 2023 05:50

US Treasury Secretary Defends Dollar Dominance as Emerging Markets Push to De-Dollarize

U.S. Treasury Secretary Janet Yellen has defended the dominance of the U.S. dollar amid rising efforts by emerging countries to de-dollarize. Brazilian President Luiz Inácio Lula da Silva, in particular, is set to raise the issue of de-dollarization at the next BRICS meeting. “There is a very good reason why the dollar is used widely [...]

The post US Treasury Secretary Defends Dollar Dominance as Emerging Markets Push to De-Dollarize appeared first on Crypto Breaking News.

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IMF Foresees No ‘Rapid Shift’ in US Dollar Reserves Despite Rising De-Dollarization Trend
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
May 26, 2023 05:50

IMF Foresees No ‘Rapid Shift’ in US Dollar Reserves Despite Rising De-Dollarization Trend

The International Monetary Fund (IMF) does not expect a “rapid shift” in the U.S. dollar reserves despite a rising de-dollarization trend and a looming U.S. debt default. “Don’t kiss your dollars goodbye just yet,” said IMF Managing Director Kristalina Georgieva. The IMF chief does not expect the U.S. to default on its debt obligations. US [...]

The post IMF Foresees No ‘Rapid Shift’ in US Dollar Reserves Despite Rising De-Dollarization Trend appeared first on Crypto Breaking News.

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Brazil to Push De-Dollarization Agenda at BRICS Meeting
Author: btcethereumadmin
United States
Source: BTC Ethereum Crypto Currency Blog
Jun 24, 2023 01:20

Brazil to Push De-Dollarization Agenda at BRICS Meeting

Brazilian President Luiz Inácio Lula da Silva has revealed his intention to raise the issue of de-dollarization at the next BRICS meeting. “Why Brazil and Argentina would trade in dollars. Why don’t we do it in our own currencies? Why can’t Brazil and China trade in their currencies? The question of why I need to

The post Brazil to Push De-Dollarization Agenda at BRICS Meeting appeared first on BTC Ethereum Crypto Currency Blog.

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Federal Reserve Chair Discusses De-Dollarization Threat, Risk of US Dollar Losing Reserve Currency Status
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Jun 23, 2023 05:50

Federal Reserve Chair Discusses De-Dollarization Threat, Risk of US Dollar Losing Reserve Currency Status

Federal Reserve Chairman Jerome Powell has discussed the threat of de-dollarization and the risk of the U.S. dollar losing its world’s reserve currency status. He believes that the USD hegemony is a consequence of America’s economic dominance. Fed Chair Powell on Threat of De-Dollarization, USD Losing Reserve Currency Status Federal Reserve Chairman Jerome Powell addressed [...]

The post Federal Reserve Chair Discusses De-Dollarization Threat, Risk of US Dollar Losing Reserve Currency Status appeared first on Crypto Breaking News.

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Crypto Community Fires Back at Hillary Clintons Criticism of Bitcoin Undermining US Dollar as Reserve Currency
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Feb 13, 2024 05:50

Crypto Community Fires Back at Hillary Clintons Criticism of Bitcoin Undermining US Dollar as Reserve Currency

The crypto industry has responded to criticism from Hillary Clinton, who said that cryptocurrency can undermine the role of the U.S. dollar as the world’s reserve currency. Galaxy Digital CEO Mike Novogratz argued that the only thing that can undermine the U.S. dollar as a reserve currency is reckless spending by both U.S. political parties. [...]

The post Crypto Community Fires Back at Hillary Clintons Criticism of Bitcoin Undermining US Dollar as Reserve Currency appeared first on Crypto Breaking News.

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Russian President Putin Discusses Dedollarization Calls US Dollar Weaponization a Grave Mistake
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Feb 11, 2024 05:55

Russian President Putin Discusses Dedollarization Calls US Dollar Weaponization a Grave Mistake

Russian President Vladimir Putin says the U.S. dollar is the main weapon used by the United States to preserve its power across the world. However, he stressed that when “the political leadership decided to use the dollar as a tool of political struggle, a blow was dealt to this American power.” He called it a [...]

The post Russian President Putin Discusses Dedollarization Calls US Dollar Weaponization a Grave Mistake appeared first on Crypto Breaking News.

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De-Dollarization: China, Brazil Can Be Instrumental in Building Less Centralized World With No Hegemony, Says Lula’s Adviser
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Apr 17, 2023 05:50

De-Dollarization: China, Brazil Can Be Instrumental in Building Less Centralized World With No Hegemony, Says Lula’s Adviser

Brazil’s President Luiz Inacio Lula da Silva’s chief adviser on foreign policy, Celso Amorim, says China and Brazil “are coming closer together” and they could play important roles in building a less centralized world with no hegemony. Commenting on de-dollarization, he stressed: “I think it’s very important that we are free from the dominance of [...]

The post De-Dollarization: China, Brazil Can Be Instrumental in Building Less Centralized World With No Hegemony, Says Lula’s Adviser appeared first on Crypto Breaking News.

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Jeffrey Tucker on De-Dollarization: USD Will No Longer Be King, We’re at Turning Point for US Dollar
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Apr 16, 2023 05:50

Jeffrey Tucker on De-Dollarization: USD Will No Longer Be King, We’re at Turning Point for US Dollar

Jeffrey Tucker says we are at the turning point for the U.S. dollar, citing a growing de-dollarization trend. “The dollar’s just not going to be king,” he warned, adding that history will record recent events “as the turning point for the dollar.” Jeffrey Tucker on De-Dollarization, USD’s Turning Point Jeffrey Tucker, an author and publisher [...]

The post Jeffrey Tucker on De-Dollarization: USD Will No Longer Be King, We’re at Turning Point for US Dollar appeared first on Crypto Breaking News.

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Balaji Srinivasan: ‘Giant Robot’ of Crypto-Friendly States Needed to Battle ‘Giant Monster’ of US Gov., Explains Why He Made Bitcoin Bet
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Apr 13, 2023 02:11

Balaji Srinivasan: ‘Giant Robot’ of Crypto-Friendly States Needed to Battle ‘Giant Monster’ of US Gov., Explains Why He Made Bitcoin Bet

Tech entrepreneur, angel investor, and author of The Network State, Balaji Srinivasan, says a proverbial “giant robot” of supportive governing bodies and crypto proponents is needed to do battle with the “giant monster” of the U.S. federal government. The former CTO of Coinbase also said he will issue an update on his ongoing $1 million-dollar [...]

The post Balaji Srinivasan: ‘Giant Robot’ of Crypto-Friendly States Needed to Battle ‘Giant Monster’ of US Gov., Explains Why He Made Bitcoin Bet appeared first on Crypto Breaking News.

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Roubini: We’re Shifting to ‘Bipolar’ Global Reserve Currency System With Chinese Yuan as Alternative to US Dollar
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Apr 12, 2023 05:50

Roubini: We’re Shifting to ‘Bipolar’ Global Reserve Currency System With Chinese Yuan as Alternative to US Dollar

Economist Nouriel Roubini, also known as “Dr. Doom,” predicts that the global reserve currency system will shift from unipolar to bipolar. He expects most countries that attempt to reduce their reliance on the U.S. dollar to propose the Chinese yuan as an alternative to the USD. Roubini on U.S. Dollar and Chinese Yuan as Global [...]

The post Roubini: We’re Shifting to ‘Bipolar’ Global Reserve Currency System With Chinese Yuan as Alternative to US Dollar appeared first on Crypto Breaking News.

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Central Banks Reduce US Dollar Holdings, Plan to Increase Chinese Yuan Exposure, Study Shows
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Jul 11, 2023 05:50

Central Banks Reduce US Dollar Holdings, Plan to Increase Chinese Yuan Exposure, Study Shows

A study by a $1.5 trillion asset management firm has revealed that central banks are reducing their U.S. dollar holdings while seeking to increase Chinese yuan holdings. “Central banks are diversifying currency holdings, stirred by geopolitical uncertainties and attractive opportunities in emerging markets,” the study shows. ’Central Banks Are Diversifying Currency Holdings’ Invesco, an asset [...]

The post Central Banks Reduce US Dollar Holdings, Plan to Increase Chinese Yuan Exposure, Study Shows appeared first on Crypto Breaking News.

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Bank of America: Threats to US Dollar’s Dominance Largely Domestic — Not BRICS Currency or Chinese Yuan
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
May 09, 2023 05:50

Bank of America: Threats to US Dollar’s Dominance Largely Domestic — Not BRICS Currency or Chinese Yuan

Bank of America has warned that the key threats to the U.S. dollar’s dominance are largely domestic, as opposed to competition from other currencies, including a BRICS currency. “U.S. fiscal brinkmanship, with risks for government shutdown, or even worse a default, keeps coming up during debt ceiling discussions,” the bank’s analysts stressed. Bank of America [...]

The post Bank of America: Threats to US Dollar’s Dominance Largely Domestic — Not BRICS Currency or Chinese Yuan appeared first on Crypto Breaking News.

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Brazil’s President Reaffirms De-Dollarization Call — Discusses BRICS Expansion
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Aug 08, 2023 05:50

Brazil’s President Reaffirms De-Dollarization Call — Discusses BRICS Expansion

Brazil’s President Luiz Inacio Lula da Silva has reaffirmed his call to shift away from the U.S. dollar in global trade. He also revealed his stance on the expansion of the BRICS economic bloc ahead of the group’s upcoming summit. “I have said publicly, why does Brazil need the dollar to trade with China?” he [...]

The post Brazil’s President Reaffirms De-Dollarization Call — Discusses BRICS Expansion appeared first on Crypto Breaking News.

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Tucker Carlson Blames Recent De-Dollarization Movements on Russian Sanctions and US Dollar Weaponization
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Apr 08, 2023 02:10

Tucker Carlson Blames Recent De-Dollarization Movements on Russian Sanctions and US Dollar Weaponization

Tucker Carlson, host of Fox News and the “Tucker Carlson Tonight” show, analyzed the situation surrounding de-dollarization movements that countries like China and Russia have promoted recently. Carlson stated that sanctions on Russia and the weaponization of the U.S. dollar are partly to blame for the developments. Tucker Carlson Believes Sanctions Are to Blame for [...]

The post Tucker Carlson Blames Recent De-Dollarization Movements on Russian Sanctions and US Dollar Weaponization appeared first on Crypto Breaking News.

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JPMorgan CEO Jamie Dimon Urges Against Challenging US Dollar’s Reserve Currency Status
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Jun 08, 2023 05:50

JPMorgan CEO Jamie Dimon Urges Against Challenging US Dollar’s Reserve Currency Status

JPMorgan Chase CEO Jamie Dimon has urged against challenging the U.S. dollar’s reserve currency status amid the ongoing de-dollarization trend globally. “The United States is the fundamental foundation of the global economy. The U.S. dollar is the fundamental reserve currency,” Dimon said, emphasizing: “We shouldn’t be challenging that.” JPMorgan CEO Jamie Dimon on De-Dollarization and [...]

The post JPMorgan CEO Jamie Dimon Urges Against Challenging US Dollar’s Reserve Currency Status appeared first on Crypto Breaking News.

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Bolivia’s President Calls on South American Countries to Ditch US Dollar, Bolster Alliances With China and BRICS
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Jul 06, 2023 05:50

Bolivia’s President Calls on South American Countries to Ditch US Dollar, Bolster Alliances With China and BRICS

Bolivia’s President Luis Alberto Arce Catacora (Lucho Arce) has urged members and associated states of the Mercosur trade bloc to de-dollarize and establish stronger strategic alliances with international organizations, including the BRICS group. “We are experiencing a crucial moment of transition towards a multipolar world that guarantees a balance of powers and respects the principle [...]

The post Bolivia’s President Calls on South American Countries to Ditch US Dollar, Bolster Alliances With China and BRICS appeared first on Crypto Breaking News.

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Xi Jinping, Vladimir Putin Push for Increased Settlements in National Currencies
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Jul 05, 2023 05:50

Xi Jinping, Vladimir Putin Push for Increased Settlements in National Currencies

Chinese President Xi Jinping and Russian President Vladimir Putin have pushed for the increased use of national currencies in mutual settlements as more countries shift away from the U.S. dollar. “I consider it essential to increase the share of settlements in national currencies” within the Shanghai Cooperation Organisation, said Xi at Tuesday’s SCO summit. Meanwhile, [...]

The post Xi Jinping, Vladimir Putin Push for Increased Settlements in National Currencies appeared first on Crypto Breaking News.

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Chatgpt Accounts Found on Darknet, North Korean Analyst on Dollar Dominance, BCH Hashrate Rises With Price, and More — Week in Review
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Jul 02, 2023 10:30

Chatgpt Accounts Found on Darknet, North Korean Analyst on Dollar Dominance, BCH Hashrate Rises With Price, and More — Week in Review

It’s been an action-packed week in the world of finance and crypto, and moving into July, there’s a lot to cover to get up to speed: compromised Chatgpt accounts being sold on darknet markets, Bitcoin Cash’s hashrate shooting upward with the BCH price, a North Korean analyst weighing in on threats to U.S. dollar dominance, [...]

The post Chatgpt Accounts Found on Darknet, North Korean Analyst on Dollar Dominance, BCH Hashrate Rises With Price, and More — Week in Review appeared first on Crypto Breaking News.

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