Russia Turns to Crypto for Oil Trade with India and China Amid Sanctions, Sources Reveal
Russia is using cryptocurrencies like Bitcoin, Ethereum, and Tether in its oil trade with China and India to…
Browsing Tag
Oil Trade
4 posts
Tether expands into oil trading with $45M transaction
Completed in October 2024, the deal facilitated the transport of 670,000 barrels of crude oil and marked Tether’s…
BRICS Eyes Petroyuan for Oil Trade Amid Dedollarization Push, Expert Says
BRICS nations are considering adopting the petroyuan for oil trade as part of their ongoing dedollarization efforts, according…
BRICS Economies Shift from US Dollar for Oil Trade, Saving $17 Billion: Is Bitcoin Poised to Challenge the USD as Global Settlement and Reserve Currency?
BRICS countries like China and India save billions by trading oil in their local currencies instead of the…