Seeds of Wisdom RV and Economic Updates Friday Afternoon 8-22-25
Seeds of Wisdom RV and Economic Updates Friday Afternoon 8-22-25
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Currency Wars: BRICS SWIFT Alternative vs. U.S. GENIUS Act Stablecoin Strategy
The global financial order is entering a new phase of intense competition. On one side, BRICS nations are building a SWIFT alternative designed to bypass Western-controlled payment systems. On the other, the United States is advancing the GENIUS Act, which cements the role of USD-backed stablecoins in international finance.
Together, these initiatives mark a historic confrontation over the future of payments, trade, and monetary dominance.
BRICS SWIFT Alternative: The Push for De-Dollarization
At the 17th BRICS Summit in Rio de Janeiro, leaders formally unveiled plans for a new cross-border payment system. This initiative is framed as a direct alternative to SWIFT and represents the most serious challenge yet to U.S. financial dominance.
Key features of the BRICS system include:
Integration of Russia’s SPFS, China’s CIPS, and India’s UPI networks
A decentralized messaging framework capable of processing 20,000 transactions per second
No mandatory transaction fees and flexible currency conversion options
The BRICS plan is rooted in the need for financial independence. U.S. sanctions, particularly on Russia, have accelerated efforts to create a parallel system free of Western influence. If successful, the BRICS payment system could reduce reliance on the U.S. dollar in global trade.
The U.S. GENIUS Act: Securing Digital-Dollar Supremacy
In sharp contrast, the United States is working to fortify its currency dominance through the GENIUS Act (Guaranteeing Emergency National Infrastructure for USD Stablecoins).
The GENIUS Act establishes:
Strict regulations for stablecoin issuers
A requirement for full USD-backed reserves
A framework to make regulated stablecoins the global standard
With stablecoin circulation surpassing $266 billion, the U.S. strategy effectively digitizes dollar dominance. By anchoring the global digital economy to tokenized dollars, the U.S. ensures its currency remains the foundation of international liquidity, settlement, and trust.
Competing Strategies: East vs. West
BRICS Strategy: Build an alternative network to reduce reliance on the dollar and escape U.S. leverage over payments.
U.S. Strategy: Strengthen dollar dominance by embedding USD-backed stablecoins into global trade.
Both strategies address the same reality: the future of money is digital. The difference lies in whether that future will be multipolar or dollar-centric.
Outlook: Parallel Payment Systems Ahead
The competition between BRICS and the United States could shape the monetary order for decades to come:
If BRICS Pay succeeds, it will accelerate de-dollarization and challenge U.S. economic influence.
If the GENIUS Act succeeds, it will extend U.S. dominance into the digital era through regulated stablecoins.
The likely outcome may not be a clear winner but rather a fragmented global system—with parallel payment networks reflecting the divide between East and West.
What is certain is that the battle for financial dominance is no longer theoretical. It is being fought today across technology, legislation, and trade alliances—and its resolution will redefine the balance of global power.
@ Newshounds News™
Sources & Research Basis:
This article is a compilation of reporting, data, and commentary drawn from multiple sources over the past six months, including international policy statements, financial market data, and global news coverage surrounding BRICS initiatives and U.S. stablecoin legislation.
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