• The BRICS has announced its plans to launch a stablecoin for international settlements to lessen the power of the US Dollar.
• There are speculations that the BRICS would use Ripple’s XRP settlement platform for the stablecoin with a cross-section.
• Though the details are unclear, there is widespread anticipation that the stablecoin will be backed by gold.

In a recent revelation, the BRICS consortium, comprising major powers including Brazil, Russia, India, China, and South Africa, has announced its plans to launch a stablecoin for international settlements. The plan follows the countries’ efforts to lessen their dependence on the US Dollar in international commerce.

Earlier on April 29, JackTheRippler, a prominent voice in the crypto space, shared an X post to shed light on BRICS’ initiative to roll out a stablecoin. There are speculations that BRICS would turn to Ripple’s XRP settlement platform for the stablecoin with a cross-section.

The post Will BRICS Use Ripple’s XRP Settlement Platform for Stablecoin? appeared first on Coin Edition.

• The BRICS has announced its plans to launch a stablecoin for international settlements to lessen the power of the US Dollar.
• There are speculations that the BRICS would use Ripple’s XRP settlement platform for the stablecoin with a cross-section.
• Though the details are unclear, there is widespread anticipation that the stablecoin will be backed by gold.

In a recent revelation, the BRICS consortium, comprising major powers including Brazil, Russia, India, China, and South Africa, has announced its plans to launch a stablecoin for international settlements. The plan follows the countries’ efforts to lessen their dependence on the US Dollar in international commerce.

Earlier on April 29, JackTheRippler, a prominent voice in the crypto space, shared an X post to shed light on BRICS’ initiative to roll out a stablecoin. There are speculations that BRICS would turn to Ripple’s XRP settlement platform for the stablecoin with a cross-section.

The post Will BRICS Use Ripple’s XRP Settlement Platform for Stablecoin? appeared first on Coin Edition.