December 23, 2024

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Senator Claims BRICS Push to Ditch US Dollar Could Boost USD Global Dominance

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Senator Claims BRICS Push to Ditch US Dollar Could Boost USD Global Dominance
Senator Claims BRICS Push to Ditch US Dollar Could Boost USD Global DominanceU.S. Senator Bill Hagerty has warned of growing efforts by BRICS nations to bypass the U.S. dollar’s dominance but argued this could ultimately strengthen the status of the dollar as the world’s reserve currency. He emphasized the need for a regulatory framework to boost demand for U.S. treasuries and stablecoins, while his stablecoin legislation aims […]