🌍 CRYPTO GEOPOLITICS: Saudi Arabia slows down digital dedollarization?
A global-impact news story for macroeconomics and digital markets: Saudi Arabia is withdrawing from the blockchain payments system and digital currency led by China, aimed at reducing dependence on the US dollar.
📌 WHAT DOES THIS MEAN FOR THE MARKET?
1. A slowdown in cross-border CBDCs: The mBridge project sought to create a payments network between central banks to settle oil without going through SWIFT. Saudi Arabia’s exit weakens this geopolitical initiative.
2. Indirect support for USD stablecoins: With sovereign CBDCs moving slowly in coordinating globally, private stablecoins tied to the dollar ($USDT , $USDC ) continue consolidating as the dominant standard for fast global transfers.
3. The neutrality question ($BTC ): This move shows that currencies issued by governments come with political frictions. Bitcoin continues to be the only neutral, unalterable monetary network at the geopolitical level.
💬 DO YOU THINK STATE CBDCs WILL MANAGE TO DISPLACE THE DOLLAR IN GLOBAL TRADE, OR WILL STABLECOINS/BITCOIN MAINTAIN DOMINANCE?
Leave your opinion in the comments and check real-time pricing of the main stablecoins in the widgets below 👇
📌 Tags and Posting Setup
Coin Tags (Interactive Widgets): Add the USDT and BTC widgets at the end of the post.
#MacroEconomy #SaudiArabia #CBDC #USDT #Bitcoin #BinanceSquare
A global-impact news story for macroeconomics and digital markets: Saudi Arabia is withdrawing from the blockchain payments system and digital currency led by China, aimed at reducing dependence on the US dollar.
📌 WHAT DOES THIS MEAN FOR THE MARKET?
1. A slowdown in cross-border CBDCs: The mBridge project sought to create a payments network between central banks to settle oil without going through SWIFT. Saudi Arabia’s exit weakens this geopolitical initiative.
2. Indirect support for USD stablecoins: With sovereign CBDCs moving slowly in coordinating globally, private stablecoins tied to the dollar ($USDT , $USDC ) continue consolidating as the dominant standard for fast global transfers.
3. The neutrality question ($BTC ): This move shows that currencies issued by governments come with political frictions. Bitcoin continues to be the only neutral, unalterable monetary network at the geopolitical level.
💬 DO YOU THINK STATE CBDCs WILL MANAGE TO DISPLACE THE DOLLAR IN GLOBAL TRADE, OR WILL STABLECOINS/BITCOIN MAINTAIN DOMINANCE?
Leave your opinion in the comments and check real-time pricing of the main stablecoins in the widgets below 👇
📌 Tags and Posting Setup
Coin Tags (Interactive Widgets): Add the USDT and BTC widgets at the end of the post.
#MacroEconomy #SaudiArabia #CBDC #USDT #Bitcoin #BinanceSquare
