BRICS Nation to Launch a Stablecoin: Why It Will Threaten the US Dollar
There is no denying that the digital asset industry is set to get a major boost this year. Amid that activity, one BRICS nation is set to launch its very own stablecoin, and it will severely threaten the US dollar. With the market cap of the industry surpassing the $242 billion mark, the potential growth for the alliance’s native currency could be huge. Specifically, it was the United Arab Emirates (UAE) that announced the arrival of a dirham-backed stablecoin. What makes it all the more interesting is that it becomes one of the major competitors to US dollar-backed stablecoins that have dominated the market. Its arrival could set off a new trend and certainly challenge the dominance of the greenback. Source: Truth Social Also Read: China & UAE Reach 5-Year LNG Deal As US Trade War Intensifies UAE Stablecoin Set to Strengthen BRICS Cause, Hinder US Dollar Dominance There is no denying that stablecoins have become a digital asset sector with immense potential. It provides a lot of ...