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De-dollarization is at its peak in 2025 as a handful of alliances are ditching the US dollar and replacing it with local currencies for trade. In a first, The Eurasian Economic Union (EAEU), confirmed that they settled 93% of trade in national currencies sidelining the US dollar. Only 7% of the cross-border transactions among themselves included payments in the US dollar. Also Read: US Power And Dollar Dominance: Cause & Consequence Intertwined The latest data shows that the EAEU alliance settled close to $100 billion worth of trade in 2024. Therefore, $93 billion worth of trade within the EAEU was settled in local currencies last year. Only $7 billion worth of cross-border transactions was paid using the US dollar among the member nations. The development shows that de-dollarization is accelerating at a rapid speed to leave the US dollar behind. Also Read: De-Dollarization: Full List of Countries Dropping the US Dollar & Key Reasons De-Dollarization Growing Rapidly Within Memb...

President-elect Donald Trump threatened BRICS countries with 100% tariff rates if they decide to ditch the US dollar for trade. Trump made it clear that de-dollarization or launching a new currency and payment system to bypass the US dollar will be met with a 100% tariff on goods entering the US markets. If the tariff is imposed, BRICS countries will find it hard as their imports and export sectors will be hit. Also Read: BRICS: 2 Countries Pay 80% of Trade in Local Currencies, Not US Dollar On the heels of the recent 100% tariff threats by Trump, BRICS countries have reacted to the development. While some members doubt the tariff can be put in place, others remain cautious to not irk the President-elect. The balancing act of diplomacy now comes into the picture and how they navigate the next four years will decide the success of the de-dollarization agenda. Also Read: No Turning Back On Launching BRICS Payment System: Diplomat 100% Tariffs on Goods Entering the US: BRICS Reacts to Tru...

The crypto market rally of 2024 has already featured many of the hallmarks of a cryptocurrency bull market, including the release of multiple new coins and tokens, a new all-time high (ATH) for Bitcoin (BTC), and various stories of rapid wealth-building. The most recent of the rags-to-riches stories came late on June 6 when data from Solscan revealed that an insider acquired more than 190 million Hulkmania (HULK) – 19% of the total circulating supply – at the cost of just 7.1 Solana (SOL), worth $1,200 at the time.  The trade enabled them to, within a mere three hours , sell the 190 million HULK for more than 5,760 SOL – worth just under $1 million at the time. Picks for you Haruko to enhance digital asset management with Stacks integration 24 mins ago ...