Analysis Crypto by Thebittimes.Com

While Donald Trump continues to work towards bringing dollar supremacy back on the radar, it seems that the world is already looking towards adopting alternatives, especially due to the dollar’s volatile nature and flickering US monetary policies. A new report suggests the growing trend of US dollar weaponization is actually pushing the de-dollarization narrative, with nations searching for alternatives in hopes of stabilizing their economies. Also Read: OKX Europe Expansion With MiCA License: Free Euro Transactions & 300+ Trading Pairs US Dollar Weaponization Grows: What This Means Source: iStock The US dollar is currently the world’s leading transacting currency. The American currency currently enjoys a novel status, known as the reserve currency status. However, since the Cold War era, the US adopted a rather fierce stance by using the dollar as a tool to impose economic sanctions on nations. This move limited the dollar’s role in a worldly realm, touting it as a “problem...

The ASEAN bloc is currently one of the most prosperous networks of nations, noting a rapid surge in their trade metrics with each passing day. The bloc is brimming with new developments, inviting high foreign interest and investment. Also Read: Cardano: Will ADA Rise Or Fall By The End Of Sept’ 2024? The Bloc’s Intra-Trade Metrics Boom Source: Reuters According to the Jakarta Times, ASEAN is currently one of the most blossoming blocs compared to other alliances. In 2023, ASEAN nations conducted nearly $759 billion worth of intra-trade, one of the highest trade metrics achieved in recent times. This development accounts for 21% of the surge in intra-ASEAN trade, making it an alliance worth keeping an eye on. The surge was streamlined by Laos’ Minister of Industry and Commerce, Malaythong Kommasith, while chairing the 56th ASEAN economic minister meeting. Malaythong outlined how the bloc is rapidly growing, with its Intra trade balance spiking quickly. He later shared how the bloc’s dec...