USING BLOCKCHAIN TECH

Last updated: June 17, 2025, 14:26  |  Written by: Raoul Pal

Using Blockchain Tech
Using Blockchain Tech

Amidst The Talk Of The

BRICS plans ‘multi-currency system’ to challenge US dollar

Amidst the talk of the BRICS nations development of an alternate currency US Treasury Secretary Janet Yellen has stated that the sanctions on countries like Russia

Explainer: What is a BRICS currency and is the U.S. dollar in trouble?

A Brics Currency

A BRICS currency “increases our payment options and reduces our vulnerabilities,” he told the [USN:L8N39J2WE TEXT:“summit’s”] opening plenary session.

BRICS: Treasury Secretary Says Sanctions Could Hurt the US Dollar

The US Treasury Secretary Janet Yellen has once again admitted that sanctions affected the US dollar. She testified on Tuesday before the House Financial

The Integration Of Payment Systems

The U.S. dollar remains the world's primary reserve currency, and neither the euro nor the so-called BRICS countries have been able to reduce global reliance on the dollar

The integration of payment systems within the BRICS bloc could provide a viable alternative to the US-controlled SWIFT system, reducing vulnerability to US sanctions.

Now, amidst the plans made by the BRICS nations, Treasury Secretary Janet Yellen has spoken on sanctions ultimately hurting the dominance of the US dollar.

Speaking With The House Financial

‘De-dollar’ diplomacy: Brics focus on alternative currency stirs

BRICS: Janet Yellen Repeatedly Says Sanctions Led to US Dollar

Speaking with the House Financial Services Committee in July, Treasury Secretary Janet Yellen said the U.S. economic sanctions have led to BRICS trying to kickstart

Claiming Brics Was

Claiming Brics was “dead”, Trump threatened additional tariffs of 100 per cent on imports from Brics nations for playing “games with the dollar”.

US dollar's dominance secure, BRICS see no progress on de

BRICS Rebellion: Plotting The End Of Dollar Dominance And U.S.

The Brics Cross

BRICS Currency May Not Upstage the US Dollar Anytime Soon

BRICS’ de-dollarization agenda has a long way to go - Voice of

The BRICS Cross-Border Payment Initiative (BCBPI) will use national currencies, instead of the US dollar. Russia's finance ministry and central bank released a

U

U.S. President-elect Donald Trump has warned the BRICS countries that if they attempt to replace the “mighty U.S. dollar” they would face “100 percent tariffs and should

Raoul Pal can be reached at [email protected].

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