Skip to content
Buzz Blockchain
Menu
  • Home
  • Bitcoin
  • Ethereum
  • News
  • Currency
  • Blockchain
  • Interview
  • Press Release
Menu
BRICSTether is set to launch as an alternative to the USD and USDT, as many flee the collapsing US banking system

BRICSTether is set to launch as an alternative to the USD and USDT, as many flee the collapsing US banking system

Posted on March 29, 2023

The BRICS plus nations have often spoken about creating an alternative currency,to settle trades and escape sanctions, often imposed by the West, for sometime now. BRICSTether has recently been established to be an alternative currency and a 100% asset-backed stable coin. It now means companies and entire countries could utilise BRICSTether, with its low cost and almost instantaneous payments, globally. BRICSTether is doing a low key listing on a mid tier exchange, Azbit.com, on March 31st,2023, to test its systems,before expanding its volume and the number of exchanges that are waiting to have it listed on. USDTether has grown to be worth $74 billion despite being potentially only 66% asset-backed and reluctant to provide audits. BRICSTether is 100% asset-backed and will provide quarterly audited updates of its asset allocation and position. To reduce the risk that banks are facing in both the US and now Europe, which saw SVB collapse recently and USDC lose its peg to the USD briefly after losing $3 billion in the SVB collapse, BRICSTether will hold gold, silver, cash, cryptocurrency, real estate,some stocks, and bonds.

It will be pegged to 7 Chinese yuan (approximately $1 USD currently).

Many investors and savers are panicking about holding all their cash in the failing banks (especially as banks have often only 6% or less of the assets available to pay out due to the fractional reserve banking system) and are shifting to gold and crypto. Stablecoins that are asset backed,are typically safer cryptocurrencies. BRICSTether is also offering 5% a year for anyone staking their coins for 90 days or more,and 10% if staked for 12 months or more, according to its website, BRICSTether.com.

The Global Economic Forum also endorses the new BRICSTether launching as an alternative to the US Central Banking System, said a recent press release by the organisation,set up to be an alternative to the corrupted cult-led WEF forum run by Klaus Schwab and other elites.

It went on to say that the USD dollar dominance is drawing to a close, due to the abuse of their system of printing endless money, exporting inflation to the world, and often funding the US military to bully the world, starting endless wars, including the Ukraine-Russia conflict and trying to provoke China over Taiwan.

Fintech and crypto are key to creating better systems to provide alternative ways of transacting globally outside the imploding US financial system.

The BRICS nations have been wanting for years to create their own currency, and some have said the new BRICSTether,if it garners sufficient support, could become one of several new ways to by pass the US SWIFT system. Both Russia and China are keen to no longer rely on the U.S. Swift system, as are most BRIC nations.

To access BRICSTether, it lists March 31st,2023 on Azbit.com Exchange. Or if you donate to the BRICS Foundation behind it, at bricsf.com, they will gift you BRICSTether equal to your donation, as its website says, and its custodian guarantees to buy back any BRICSTether at its current peg of 7 Chinese Yuan (approximately $1 USDy BRICSTether at its current peg of 7 Chinese Yuan (approximately $1 USD).

Recent Posts

  • Imagen Network (IMAGE) Launches Modular Personalization Hubs for Creator-Driven Ecosystems
  • Atua AI Introduces Smart Control Pipelines to Strengthen Protocol-Level Coordination
  • Imagen Network develops modular personalization engines to enhance creator-centric engagement
  • Wealth Transfer Token: Turning Speculation into Empowerment
  • The Wally Group’s Roadmap: Building Beyond the Meme
  • Atua AI Launches Next-Generation Frameworks to Elevate Multi-Chain Productivity
  • Kame aka $Kame: A Novel Crypto Initiative Powering SEE Turtles Conservation
  • Sliyd launches on Base with one-click digital wallets; The “100k Sliyd Drop” shows how easy onboarding can be
  • Atua AI Builds Intelligent Execution Models to Optimize Web3 Performance
  • Huddle: The Cross-Chain Web3 Dashboard Transforming Portfolio Tracking
  • Beast Seller: The Next Matt Furie Meme Coin With 100x Potential
  • Why Multi-Chain Meme Coins Like TWG Are the Future of Crypto Communities
  • Is the ‘Rich Dad’ Author Behind RDCD? The Hold-to-Earn Bet
  • $KURT: The Alien Martian Meme Coin Taking Over the Base Chain
  • Crypto for Good: How TWG is Turning Meme Power into Real-World Impact
  • Atua AI Integrates Modular Logic Layers for Smarter Application Scaling
  • Why Community-Led Projects Like TWG Outperform Hype-Driven Meme Coins
  • CryptoNewsFeeds Publishes Exclusive Sportsbet.io Review in French, Offering Transparent Insights for Crypto Gaming Fans
  • Setback to Success: How The Wally Group Rebuilt a $25M Market Cap Project
  • Atua AI Expands Layered AI Frameworks for Enterprise-Level Efficiency
  • Atua AI (TUA) Rolls Out Modular Processing Units for Consistent Enterprise AI Handling
  • Could Avilom Be the Next 100x Coin in 2025?
  • Atua AI (TUA) Deploys Workflow Templates for Faster Enterprise AI Integration
  • Dorky the Dork Lord: The Dark Horse of Ethereum Meme Coins
  • Atua AI Enhances Developer Customization With Scalable Node Orchestration
  • Community Relaunches TWG Token After WALLY Project Collapse and Developer Exit
  • NexulonAI ($NEX) Joins Forces with Industry Leaders to Strengthen DeFi Ecosystem
  • FG Capital Advisors Opens Private Round for Tokenized Carbon “Stream” Financing – Pre‑Launch SAFEs Now Available
  • TUA Deploys Responsive Compute Nodes for Cross-Chain AI Alignment
  • Acxwp Crypto Obtains U.S. MSB License, Fully Safeguarding Trading and Fund Security
  • AstralX: Connecting traditional finance and crypto markets, redefining a new model for global asset trading
  • Atua AI Refines Modular Control Systems to Improve AI Orchestration
  • UPNEWS Launches to Revolutionize News Consumption with Trust and Transparency
  • Atua AI Enhances Microservice Intelligence to Support Complex Automations
  • FurGPT Develops Feedback-Driven AI for Interactive Companion Customization
©2025 Buzz Blockchain | Design: Newspaperly WordPress Theme