BRICS Accelerates De-Dollarization Push Amid Geopolitical Tensions
The BRICS bloc has intensified its campaign to reduce reliance on the US dollar in international trade, marking a significant shift in global economic dynamics. With the 2025 summit approaching, the alliance is aggressively promoting local currencies as Western protectionist policies fuel its resolve.
This strategic move could Ripple through cryptocurrency markets, particularly stablecoins and assets positioned as dollar alternatives. While no specific digital assets are mentioned in the development, the broader de-dollarization trend may increase institutional interest in decentralized finance solutions.