Global #US dollar

Ripple’s RLUSD stablecoin, pegged to the U.S. dollar, has been generating considerable buzz in the cryptocurrency market ahead of its official launch.

The global financial landscape has been heavily influenced by the political developments surrounding the U.S. presidential race, as analysts point to a strong correlation between President Donald Trump's policies and the appreciation of the U.S. dollar.

Growing investment in "store-of-value" assets and the ongoing devaluation of fiat currencies could propel Bitcoin's price to six figures, according to Bitwise Chief Investment Officer Matt Hougan.

While China has imposed strict regulations on cryptocurrencies, it's simultaneously making significant strides in developing its own blockchain technology and digital currency.

The 16th annual BRICS Summit in Kazan, Russia, has seen a renewed focus on de-dollarization. Leaders from Russia, China, and Iran have stressed the need for new digital platforms to reduce reliance on the US dollar in international transactions.

On October 18, during the BRICS Business Forum in Moscow, Russian President Vladimir Putin announced a significant shift in the bloc's economic strategy: the official embrace of cryptocurrencies for investments.