Russia just dropped a bombshell: 90% of its trade with India now bypasses the dollar entirely, settling in rubles and rupees instead. This isn't just a bilateral agreement—it's another crack in the dollar's global dominance. As more nations explore alternatives to USD-denominated trade, questions around currency sovereignty and payment rails are heating up. Could this accelerate demand for neutral settlement layers? The traditional monetary system is clearly under pressure, and decentralized alternatives might just be waiting in the wings.
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ChainWanderingPoet
· 7h ago
The US dollar really seems to be on the decline, but I don't think the ruble or the rupee are the answers either...
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FUD_Whisperer
· 7h ago
The final struggle of US dollar hegemony; countries have long grown tired of it.
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GasOptimizer
· 8h ago
Now the US dollar really has to worry; the de-dollarization wave can't be stopped.
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ETH_Maxi_Taxi
· 8h ago
The US dollar is finally starting to lose its grip, it's about time. Decentralized payment rails are about to take off.
Russia just dropped a bombshell: 90% of its trade with India now bypasses the dollar entirely, settling in rubles and rupees instead. This isn't just a bilateral agreement—it's another crack in the dollar's global dominance. As more nations explore alternatives to USD-denominated trade, questions around currency sovereignty and payment rails are heating up. Could this accelerate demand for neutral settlement layers? The traditional monetary system is clearly under pressure, and decentralized alternatives might just be waiting in the wings.