The new U.S. dollar-pegged stablecoin aims to help BTG Pactual’s customers interact between the traditional financial system and the digital economy.
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India to Facilitate International Settlements in Rupees to Reduce Dependence on the US Dollar
The government of India has announced that it will facilitate the settlement of international transactions using its national currency, the rupee. As part of its
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Saudi Arabia and OPEC Reveal Surprise Oil Production Cut; White House Insists Cuts Aren’t Advisable Right Now
On Sunday, Saudi Arabia and several major oil producers announced their plan to cut oil production by 1.15 million barrels per day, starting in May
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BRICS Emerges as the World’s Largest GDP Bloc, Propelled by China’s Rapid Expansion
BRICS, a set of countries grouped as an alternative to the G7, is now the world’s largest gross domestic product (GDP) bloc, taking purchasing power
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China Makes Advances in Ditching the US Dollar for Settlements — Inks Deal With Brazil and Completes First Yuan LNG Purchase
China has been advancing its goal of positioning the yuan as an alternative to the U.S. dollar for settling international payments. The Chinese government recently
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Russia talks up prospects of BRICS countries developing new currency
A top Russian official has reportedly claimed that the countries of the BRICS alliance — Brazil, Russia, India, China and South Africa — are working
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