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The Move Away From U.S. Dollars - WordOnCrypto Podcast
2 years ago
6
Word On Crypto Podcast Listen while you work, or do other stuff. Available on Spotify, search: Word On Crypto
This podcast refers to the efforts made by China and Brazil to reduce their reliance on the US dollar in their financial transactions and foreign reserves. This means that they are using their own currencies instead of the US dollar for buying and selling goods and services with each other, and potentially with other countries in the future. This shift away from the US dollar is known as de-dollarization and can have significant economic and political implications.
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