Tether and the BRICS’ central bank digital currencies are creating parallel, de-dollarized economies
Recent advances in blockchain, tokenization, and distributed ledgers make possible huge volumes of cross-border trade, at near-zero cost, and completely outside the oversight of US and European banking regulators. Ironically, most of the trade is done in US dollars, but entirely outside the US financial system.
Tether is a private issuer of stablecoins pegged 1:1 to the US dollar. Tether has over 300 million users, will soon overtake Visa in transactions volume, and is more profitable than Blackrock. With just over $100 billion in reserves, over $190 billion in daily transaction volume runs their systems.
The US Department of the Treasury has asked Congress for sweeping new powers, in an attempt to regulate the crypto markets that use US dollars as a medium of exchange outside American banks. Treasury officials singled out Tether as the entity of greatest concern.
The BRICS countries, led by China, are tokenizing their vast foreign currency reserves and US dollar holdings.
1 view
586
162
2 months ago 00:06:21 1
How to Invest Tether USDT and Earn up to 10% Profit Daily | Best USDT Investment Website 2024
2 months ago 00:04:28 1
Spiritbox - Jaded (Official Music Video)
2 months ago 00:09:27 1
2024 Lexus IS 300 - interior and Exterior Details
2 months ago 00:12:43 1
Self Love - You are Enough
2 months ago 00:12:10 1
Lightroom Classic Update - What’s New in v14.0 (October 2024)
2 months ago 00:04:09 1
Delune - No Solace (OFFICIAL MUSIC VIDEO)
2 months ago 00:01:24 1
7 Simple Baby Body Work Movements to Relax Your Baby
2 months ago 00:53:26 1
Stability and Freedom in Chaos: The Story of Tether USD₮ | Tether Documentary (USDT)
2 months ago 00:30:57 1
Космические Паруса, о которых вы не знали! Плазменные, Электрические, Магнитные
2 months ago 00:02:40 1
Everything Goes On - Porter Robinson (Official Music Video) | Star Guardian 2022
2 months ago 00:07:08 1
Doro and Lemmy Kilmister Love Me Forever Live 2003 HD
3 months ago 00:23:50 1
The Standing Body - The Standing Body (Official Music Video)
3 months ago 00:03:26 1
Mission: Impossible/Best scene/Brian De Palma/Tom Cruise/Jon Voight/Emmanuelle Béart
3 months ago 00:03:09 1
Nightcore - Angel (Lyrics)
3 months ago 00:04:53 1
don’t wanna know - original song | dodie
3 months ago 00:08:23 1
With Grace (Official Music Video) - the forest forgets
3 months ago 00:00:41 1
Tethered soft robot controlled by a mushroom
3 months ago 00:09:21 1
Tether and the BRICS’ central bank digital currencies are creating parallel, de-dollarized economies
3 months ago 00:01:58 1
Alien Trailer HD (Original 1979 Ridley Scott Film) Sigourney Weaver
3 months ago 00:29:27 1
ЕЁ НАШЛИ В ГРУДЕ МЕТАЛА ЧЕРЕЗ ДВА ЧАСА ПОСЛЕ СЕМЕЙНОГО УЖИНА.
3 months ago 00:12:03 1
【Crochet Turtorial】How to Crochet A Sunflower Headband For Beginners
3 months ago 00:03:26 1
Full Grown Firemouth Cichlid Tank - Adult Pair
3 months ago 00:13:37 1
Пакистан. Интересные факты
3 months ago 00:13:39 1
Hands-On with Mojo Augmented Reality Contact Lens!