Killing the US Dollar – China Shows Massive Support For BRICS Expansion
It’s been just revealed that the attacks on the US dollar continue. Check out more details about how China is joining BRICS’ expansion ideas. China supports BRICS expansion ideas According to the latest reports, it seems...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
It’s been just revealed that the attacks on the US dollar continue. Check out more details about how China is joining BRICS’ expansion ideas.
China supports BRICS expansion ideasAccording to the latest reports, it seems that China says it’s fully backing a major expansion of the global economic alliance known as BRICS.
The country is ready to “bring more like-minded partners” into BRICS, which currently consists of Brazil, Russia, India, China, and South Africa, says Chinese foreign ministry spokesperson Mao Ning.
The state-backed outlet China Daily stated the fact that Ning made the statement while commenting on reports that Venezuelan President Nicolas Maduro is pushing to add Venezuela to the group.
“As an important platform for cooperation among emerging markets and developing countries, BRICS is committed to upholding multilateralism, vigorously advancing the reform of the global governance system and increasing the representation and say of emerging markets and developing countries.”
We suggest that you check out the original article in order to learn more details about this.
According to the latest reports, it looks like the top figureheads of the BRICS alliance say that the coalition represents “a complete reconfiguration of global order as the old world fades away.”
The online publication the Daily Hodl notes the fact that foreign ministers of BRICS, which currently represent the countries of Brazil, Russia, Iran, China and South Africa, just met in Cape Town for a summit.
A new report from The Daily Star, the theme of the conference was overshadowed by the conflict between Russia and Ukraine.
South African foreign minister Naledi Pandor said the following:
“Our vision of BRICS is for our partnership to provide global leadership in a world fractured by competition, geopolitical tension, inequality, and deteriorating global security…
Our discussions today will therefore focus on opportunities… strengthening and transforming global governance systems”.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptoGazetteRelated market context
Coinbase just completed its US derivatives stack but its biggest bet still sits outside it
Coinbase, the largest US-based crypto exchange, has secured Commodity Futures Trading Commission (CFTC) approval for its own deriv...
Dragonfly’s Tom Schmidt sees synthetic dollars growing alongside tokenized assets
The growth of synthetic dollars alongside tokenized assets could reshape financial systems, offering new liquidity and investment...
Solana Co. chairman says China will find a way to manage crypto
China's gradual shift towards crypto management could influence global regulatory approaches, balancing innovation with oversight....
Bitcoin Is More Than Just an Asset, Says TD Cowen
Bitcoin Magazine Bitcoin Is More Than Just an Asset, Says TD Cowen Investment bank TD Cowen has said that Bitcoin is more than an...
House Oversight Chair Comer Probes Crypto.com, Hyperliquid & PredictIt Over Identity Checks
In a major development confirmed on SEPTEMBER 29, 2026, Confirmed announcement/filing for House Oversight Chair Comer Probes Crypt...
Bank-backed AllUnity launches MiCA-compliant US dollar stablecoin USDAU
USDAU's launch under MiCA could enhance cross-border transactions, integrating stablecoins with traditional banking, boosting inst...