Welcome DT News

  • CONTACT
  • ABOUT US
Deythere
  • Home
  • News
    Ethereum vs Solana in 2025: Curve Founder Reveals Which Chain Could Power Wall Street
    NewsCryptoEthereum

    Ethereum vs Solana in 2025: Curve Founder Reveals Which Chain Could Power Wall Street

    According to a detailed analysis published by Curve Finance founder Michael Egorov,…

    By
    Shravani Dhumal
    July 14, 2025
    XRP Rallies Ahead of SEC Vote as Ripple's Legal Saga Nears Final Act
    NewsCryptoMarket
    XRP Rallies Ahead of SEC Vote as Ripple’s Legal Saga Nears Final Act
    July 14, 2025
    $25M NFT Scandal Crumbles as Court Clears Dolce and Gabbana USA
    CryptoNewsNFT
    $25M NFT Scandal Crumbles as Court Clears Dolce and Gabbana USA
    July 14, 2025
    image 193
    NewsCryptoMarketSponsored Article
    Missed Dogecoin? One Cat Meme Coin Is Making Noise With Big Bags and Bigger Claws
    July 14, 2025
    image 209
    NewsCryptoMarketSponsored Article
    The Bull Breaks In: Limited Spots Available in MoonBull Whitelist, While Snek and Shiba Inu Steady the Course
    July 14, 2025
  • Cryptocurrency
    Ethereum vs Solana in 2025: Curve Founder Reveals Which Chain Could Power Wall Street
    Ethereum vs Solana in 2025: Curve Founder Reveals Which Chain Could Power Wall Street
    8 Min Read
    XRP Rallies Ahead of SEC Vote as Ripple's Legal Saga Nears Final Act
    XRP Rallies Ahead of SEC Vote as Ripple’s Legal Saga Nears Final Act
    6 Min Read
    $25M NFT Scandal Crumbles as Court Clears Dolce and Gabbana USA
    $25M NFT Scandal Crumbles as Court Clears Dolce and Gabbana USA
    7 Min Read
    image 193
    Missed Dogecoin? One Cat Meme Coin Is Making Noise With Big Bags and Bigger Claws
    10 Min Read
    image 209
    The Bull Breaks In: Limited Spots Available in MoonBull Whitelist, While Snek and Shiba Inu Steady the Course
    9 Min Read
    Bitcoin Hits $122K ATH: How Ledn CEO Predicts $136K by Year-End
    Bitcoin Hits $122K ATH: How Ledn CEO Predicts $136K by Year-End
    7 Min Read
    Previous Next
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Reading: Russia to Launch Digital Asset Platform for Emerging Markets
Share

[ccpw id=”7831″]

DeythereDeythere
Font ResizerAa
  • Home
  • Crypto
  • Market
  • News
  • Blockchain
  • Contact
Search
  • Home
  • News
  • Cryptocurrency
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Have an existing account? Sign In
Follow US
© DT News. All Rights Reserved.
Deythere > News > Blockchain > Russia to Launch Digital Asset Platform for Emerging Markets
BlockchainCryptoNews

Russia to Launch Digital Asset Platform for Emerging Markets

Russia to Launch Digital Asset Platform for Emerging Markets
Russia to Launch Digital Asset Platform for Emerging Markets
Mazel Ventura
Last updated: November 12, 2024 12:31 pm
By
Mazel Ventura
Published November 12, 2024
4 Min Read
Share

Russia has devised a bold new plan to transform global financial markets. The country proposes that the BRICS group, one of the most powerful economic entities, establish a unitary digital asset system through which electronic payments and investments can be made in growing markets. This is part of a larger BRICS initiative to lessen the US dollar’s dominance and increase its influence in global trade and finance.

Contents
Statement of the Russian President About Launching BRICSaCan BRICS Challenge the Dollar’s Dominance?Conclusion

Statement of the Russian President About Launching BRICSa

“We would propose launching a new investment platform for BRICS countries using electronic assets,” Putin stated at the Valdai Discussion Club on Friday. “This would enable investment in developing markets, mainly in South Asia, Africa and Latin America.”.

Russia to Launch Digital Asset Platform for Emerging MarketsThey plan to launch a new cryptocurrency platform to attract more investment to developing countries. Russia proposed the idea of building a single system of digital assets for BRICS nations to ease electronic payments and attract further investments in developing countries. This BRICS group of nations today consists of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, and the United Arab Emirates, and they are still growing stronger. In fact, they recently invited 13 more countries to join.

The BRICS nations are working to lessen reliance on Western financial systems. A digital currency would be one of the ways through which they are trying to figure out new ways for making payments and investing. In such situations, they could control their economies and consequently challenge the dominance of the US dollar. Russia and the US have a tense relationship and there are many restrictions on Russia’s use of the dollar.

Can BRICS Challenge the Dollar’s Dominance?

Of course, BRICS countries are becoming less dependent on the dollar and they are moving toward a new financial system, one less dependent on the West. One of their proposals is to use several currencies in exchange rather than just the dollar. This will ease trade between BRICS. They also require a new platform to buy and sell important goods like oil, gas, grains, and gold.

Russia to Launch Digital Asset Platform for Emerging Markets

There should be a new “BRICS Bill” suggested to cut its dependence on the dollar. However, it would be very hard to totally wriggle out because of the dollar’s penetrating usage in global trade and finance. At the same time, Donald Trump also stated during his campaign that he would push to keep the US dollar as the world’s reserve currency. Trump said countries that deny the dollar will face consequences. The BRICS is no exception to these struggles that may occur now that Trump won the presidential race.

Conclusion

Creating a BRICS digital asset platform would be one of the biggest steps toward curtailing dependence on financial systems dominated by the West. This, of course, is promising; still, it encounters many problems in dealing with technical problems, regulatory problems, and an established US dollar domination.
The success of this will depend on the joint efforts of the BRICS nations to overcome these obstacles and chart a new way in global finance. With the world changing, people are paying more attention to the BRICS countries trying to replace the US dollar.

 

Advertising

For advertising inquiries, please email . [email protected] or Telegram

Could PayPal’s PYUSD Expansion Revolutionize Global Payments?

Breaking News from Binance! Scroll (SCR) Listing Delayed by One Hour!

What’s Driving Luxury Brands to Embrace Crypto Payments?

Best Cryptos to Join This Month: Qubetics’ Decentralized VPN, Arbitrum’s Layer 2 Power, and SEI’s Lightning-Quick Trading Revolution

Experts Warn: Three Major Risks in the U.S. Bitcoin Reserve Plan

TAGGED:Digital AssestsRussia

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
Previous Article Japanese Exchange Bitbank Launches New Arm to Back Global Blockchain Japanese Crypto Firms Eye Global Blockchain Expansion
Next Article Teslas profit from Bitcoin investment. The image features a large Bitcoin symbol alongside the Tesla logo with abstract ele Tesla Profits Over $1 Billion from Bitcoin: Investment Gains Accelerate!
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow US

Find US on Socials
FacebookLike
XFollow
YoutubeSubscribe
TelegramFollow
Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad image
Popular News
crypto 2024
Crypto Derivatives Market Heats Up as Innovative Products Emerge
crypto approval
Blockchain Revolutionizes Energy Markets with Decentralized Trading Platforms
crypto news
Cutting-Edge Mining Technologies Drive Efficiency in Cryptocurrency Production

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Deythere

DT News influence 20 million users and is the number one business blockchain and crypto news network on the planet.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Menu

  • Home
  • News
  • Sitemap
© DT News. All Rights Reserved.
Banner 1
Banner 2
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

  • English