The world is now getting to another twist that is formation of BRICS which will surely weaken the US dollar and maybe it replace this currency. If this happen USDT will be no more safe but dont know about #HBD.
Maybe good news for #HBD that will not be relying anymore on US governments. Anyway USDT will get more affect after the coming of BRICS.
Lets discuss what BRICS is, this the formation of 5 countries Brazil, Russia, India, China and South Africa.
They are now looking to establish a BRICS currency which is totally against USD. The purpose if it is to trade with many countries in BRICS currency instead using US dollars.
This news is spreading and there is good work going on this formation. This is not a good news for US because it will weaken US dollars and US sanctions will also get weaken.
Its coming to hear that BRICS also looking to announce its cryptocurrency which will surely bring a huge hustle in the market.
Recently, Iran, Egypt, Ethiopia, and the United Arab Emirates joined the organization on 1 January 2024. They are also the part of this formation and totally against US government and US dollar.
Now it depends on BRICS, that how strong they will stick to this and till when the currency will launch.
It is also advised to be careful if holding US dollars. Because after the BRICS, US dollars will come down in price and it may give you losses.
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