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Russia is seeking to convince BRICS countries to build an alternative platform for international payments that would be immune to Western sanctions when it hosts The phrase “currency war” has now been popular for a decade, and the United States government’s more recent “weaponization” of the dollar is generating Unfazed by the sanctions imposed on the region, the country has been preparing to embed gold into its mundane schedule, gradually weaving ways to end its From barring Russia's access to $600 billion in reserves to booting the nation out of the SWIFT international banking system, the US has gone more aggressive than ever Putin has made it clear he's keen to develop alternatives to the US-dollar-denominated order. He highlighted the subject at the BRICS summit held in the Russian city of The US took weaponization to a new level when it used the dollar payments system to freeze Russia’ s access to $300 billion in liquid foreign exchange reserves in the Putin emphasized the pivotal role of the dollar in maintaining U.S. supremacy, acknowledging its rapid dispersion worldwide despite the Federal Reserve’s Gold-backed stablecoins could soon outperform their US dollar-pegged counterparts in global markets, driven by gold’s inflation-hedging properties and historical

Is Russia Weaponizing Gold to End US Dollar Supremacy?

The phrase “currency war” has now been popular for a decade, and the United States government’s more recent “weaponization” of the dollar is generating significant geopolitical shifts. Is Russia truly weaponizing gold to challenge the dominance of the US dollar? The answer is complex, but undeniable trends suggest a deliberate strategy. From barring Russia's access to $600 billion in reserves to booting the nation out of the SWIFT international banking system, the US has gone more aggressive than ever, pushing Russia to seek alternatives.

Russia's Gold Strategy: A Shield Against Sanctions

Unfazed by the sanctions imposed on the region, the country has been preparing to embed gold into its mundane schedule, gradually weaving ways to end its reliance on the dollar. Putin has made it clear he's keen to develop alternatives to the US-dollar-denominated order. He highlighted the subject at the BRICS summit held in the Russian city of, underscoring his commitment to de-dollarization.

BRICS Alternative: A New Payment Platform?

Russia is seeking to convince BRICS countries to build an alternative platform for international payments that would be immune to Western sanctions when it hosts future summits. This ambition is fueled by the US's aggressive use of the dollar as a geopolitical tool. The US took weaponization to a new level when it used the dollar payments system to freeze Russia’ s access to $300 billion in liquid foreign exchange reserves in the aftermath of events in Ukraine. This action solidified Russia's resolve to find a way out from under the dollar's control.

The Dollar's Role in US Supremacy

Putin emphasized the pivotal role of the dollar in maintaining U.S. supremacy, acknowledging its rapid dispersion worldwide despite the Federal Reserve’s actions. He sees breaking this dominance as crucial for a multipolar world. Russia's actions, including amassing gold reserves and promoting alternative payment systems, reflect this strategic goal.

Gold-Backed Stablecoins: The Future of Finance?

The question remains: can gold truly dethrone the dollar? Gold-backed stablecoins could soon outperform their US dollar-pegged counterparts in global markets, driven by gold’s inflation-hedging properties and historical stability. While the dollar's supremacy is not ending overnight, Russia's focus on gold and BRICS collaboration signifies a significant shift in the global financial landscape.

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