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BRICS member China could use the Belt and Road Initiative (BRI) to advance the Chinese Yuan and diminish the USD. For the uninitiated, China launched the Belt and Road Initiative in 2013 and provides loans to developing countries to build seaports, infrastructural projects, and railroads, among others. China finances developmental projects worldwide by releasing huge loans to Pakistan, Sri Lanka, and several African countries. Also Read: BRICS: 15 Countries to Ditch US Dollar for Oil Trade? A total of 155 countries have signed the Belt and Road Initiative with China and received funds for developmental projects. However, reports indicate that BRICS member China could soon use the BRI initiative to further the Chinese Yuan ’s usage by putting it ahead of the USD for global trade. Read here to know the list of countries that have signed the BRI agreement with China. Also Read: BRICS: De-Dollarization Gaining Steam in Developing Countries BRICS: China Could Use Chinese ...

Join Our Telegram channel to stay up to date on breaking news coverage With the recovery of crypto prices in the crypto industry of 2023, it is likely that investors will start returning to the crypto world and that adoption will continue at full speed. This seems like a perfect timing for Mastercard’s new partnership with Immersive, a popular Web3 payment protocol. ⚡️ @Mastercard partners with @Immersve to allow # crypto payment s in #Web3 via $USDC#Mastercard has announced the partnership with Web3 payment protocol #Immersve to allow # crypto currency transactions on outlets accepting Mastercard payment s online. pic.twitter.com/XPsunlnqeH — Crypto News Whales (@news_whales) February 22, 2023 The partnership will allow users to make crypto payments in physical, digital, or even metaverse world, using USD Coin (USDC). After the user makes a transaction in USDC — the second-largest stablecoin of the crypto industry — the Circle-issu...