Stablecoin

<ul class="news-points">
 <li>The BRICS has announced its plans to launch a stablecoin for international settlements to lessen the power of the US Dollar.</li>
 <li>There are speculations that the BRICS would use Ripple’s XRP settlement platform for the stablecoin with a cross-section.</li>
 <li>Though the details are unclear, there is widespread anticipation that the stablecoin will be backed by gold.</li>
</ul>
In a recent revelation, the BRICS consortium, comprising major powers including Brazil, Russia, India, China, and South Africa, has announced its plans to launch a stablecoin for international settlements. The plan follows the countries’ efforts to lessen their dependence on the US Dollar in international commerce.
Earlier on April 29, JackTheRippler, a prominent voice in the crypto space, shared an X post to shed light on BRICS’ initiative to roll out a stablecoin. There are speculations that BRICS would turn to Ripple’s XRP settlement platform for the stablecoin with a cross-section.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">BREAKING: <a href="https://twitter.com/hashtag/BRICS?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#BRICS</a> Eye Stablecoin Launch To Reduce The Influence Of The US Dollar. <a href="https://t.co/2cRL95W8Qx" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/2cRL95W8Qx</a>— JackTheRippler © (@RippleXrpie) <a href="https://twitter.com/RippleXrpie/status/1784735467738399154?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">April 29, 2…</a>
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The post <a href="https://coinedition.com/will-brics-use-ripples-xrp-settlement-platform-for-stablecoin/" rel="noopener noreferrer nofollow">Will BRICS Use Ripple’s XRP Settlement Platform for Stablecoin?</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Will BRICS Use Ripple’s XRP Settlement Platform for Stablecoin?

Coin Edition

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