DeFI News by Thebittimes.Com

With the new year’s dawn approaching hard and fast, the cryptocurrency market eagerly awaits a new surge for Ripple (XRP). 2025 is pivotal for XRP’s growth in many ways as it paves the way for the token to carve a new path that leads toward sovereignty and global domination. Here’s how Ripple (XRP) may perform on 1st January 2025, as technical platforms like CoinCodex predicted. Also Read: BRICS: De-Dollarization Will Continue Faster Under Trump’s Watch Ripple: Is A New Surge Incoming For The Token In 2025? Source: Trackinsight Ripple has always shown an optimistic background, irrespective of the problems that the token has suffered in the past. The current year brought forth a surge of new relief for XRP as the token was finally able to liberate itself from the shackles of the US SEC. At the same time, the launch of RLUSD, with Ripple attracting continuous global institutional interest, speaks volumes about the future potential and mettle of the token. https://twitter.com/e...

BRICS member China thinks it is spearheading the de-dollarization campaign by convincing developing countries to ditch the US dollar and trade in local currencies. While a handful of emerging economies have agreed to China’s demands, they are only acting out of self-interest. China is under the illusion that it has kick-started the de-dollarization agenda while in reality, developing countries are only seeing what benefits them. Not just other emerging economies, even BRICS members are using China when it suits them the best. Also Read: BRICS No Longer Attaching Importance to the US Dollar For instance, BRICS counterpart India agreed to end dependency on the US dollar and settle trade in local currencies. For over a year, India paid the Chinese yuan to procure oil from Russia at a discounted price due to the sanctions. India saved $7 billion by paying local currencies between 2022 to early 2024. However, both Russia and China kept demanding India pay the Chinese yuan or the Russia...