The international financial landscape is undergoing profound changes, with the de-dollarization process accelerating. This trend may bring new development opportunities to the Crypto Assets market.

In recent years, the United States has frequently used the hegemony of the dollar to exert political pressure, which has instead stimulated other countries to actively seek alternative settlement systems. Taking India and Russia as examples, the trade relationship between the two countries has shown explosive growth in just four years, with bilateral trade expected to reach $68.7 billion by 2025. Notably, over 90% of transactions have already adopted local currency settlement, completely bypassing the dollar system.

This large-scale de-dollarization practice creates a potential macro favorable environment for the Crypto Assets market. The inherent decentralization and borderless characteristics of Crypto Assets demonstrate unique advantages in this context. If sovereign nations continue to reduce their reliance on the dollar system, mainstream Crypto Assets such as Bitcoin and Ethereum, as well as blockchain projects focused on cross-border payments, may face opportunities for value reassessment.

It is noteworthy that national-level cooperation is opening up new possibilities for the application scenarios of Crypto Assets. India and Russia have not only significantly increased the proportion of local currency settlement in bilateral trade, but also actively participated in the multilateral digital payment platform initiatives promoted by the BRICS countries. These initiatives include 'BRICS Bridge'(BRICS Bridge) and the mBridge project in cooperation with countries like China and the UAE.

These platforms aim to achieve fast, low-cost, and highly transparent cross-border settlements through blockchain technology. Although currently these projects mainly focus on central bank digital currencies ( CBDC ), this national-level blockchain application practice provides potential official application scenarios and legitimacy support for Crypto Assets (especially stablecoins and cross-border payment projects).

As emerging economies such as the BRICS countries continue to advance the process of dedollarization, the Crypto Assets market may welcome new development opportunities. However, investors also need to closely monitor changes in relevant policies and regulatory environments, and prudently assess potential risks and opportunities.