The start of 2025 has been increasingly unstable for the US financial markets. The expansion of global reserve assets over the past five months could exacerbate efforts to replace the currency. In fact, two BRICS countries have joined the group. Because they have pledged to drop the US dollar in trade in their out-of-co-exit efforts.
US President Donald Trump has long been unhappy with the alliance for this reason. At the start of his second term, he threatened the block with 150% tariffs if he continued to throw away the greenback. At this point, these efforts are flooded with import tax hikes under the new administration.
BRICS countries will abandon US dollars in trade and join the growth decoupling list
Since the US president’s transition, it has been bad for the US dollar for months. Currency is struggling and is off to the worst start to date. Additionally, experts have expressed concern that losses could be the beginning of greenbacks.
The concern that its value could fall further has only been reaffirmed by global efforts to move away from it. BRICS BLOC continues to embrace them, and the two countries are committed to dumping the US dollar in trade amid the bloc’s growing decombination efforts.
Recent reports show that both Iran and Venezuela have pledged to strengthen strategic ties. Furthermore, a key part of that was their move to resolve trade deals with the BRICS Pay platform. This movement should have a significant impact on continuous shifts across the block.
The decision shows a block shift to the settlement of bilateral trade agreements in non-dollar and national currencies. Certainly, that repeats that the US dollar has never been so opposed. As Bitcoin thrives in the global market, it could emerge as an alternative to struggling Western assets.
