Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
More
Kremlin hopes to cut US dollar reliance with blockchain in BRICS
Moscow wants to establish an autonomous BRICS payment , leveraging digital currencies and blockchain in an effort to decrease its dependency on the U.S. dollar.
In an interview with the Russian state-owned news agency TASS on Feb. 5, Kremlin aide Yury Ushakov disclosed the Kremlin’s efforts to develop a new blockchain-based for BRICS, an intergovernmental organization comprising Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, and the United Arab Emirates.
While specific details of the remain undisclosed, Ushakov suggested that it would incorporate digital currencies, potentially including central bank digital currencies (CBDCs), as Moscow has been working on its digital ruble for some time now. The Kremlin official emphasized the importance of such a for BRICS, highlighting its potential for cost-effectiveness and impartial operation.
Despite Ushakov’s emphasis on enhancing BRICS’ prominence within the international monetary and financial in 2024, he did not provide details on the timeline for launching the blockchain .
Ushakov’s comments come just a week after Russian Finance Minister Anton Siluanov said that in order for the BRICS countries to develop normally, the organization has to think about “creating our own financial s functioning independently of politics and ensuring trade relations between our countries.”
For several months, Moscow has been advocating for a blockchain-based solution for BRICS, particularly as Western sanctions escalate. In September 2023, Russian Prime Minister Mikhail Mishustin emphasized the necessity for the city to implement cross-border settlements utilizing blockchain technology and digital assets. Mishustin highlighted that such initiatives would offer “more possibilities” for attracting foreign investments.