G7 Allies Threaten Canceling BRICS Payment System To Save USD Trade From Russia & China

G7 Allies Threaten Canceling BRICS Payment System To Save USD Trade From Russia & China
In a big update, the Bank of International Settlements is considering ending the mBridge payment system. This is a risky move that could doom the US dollar system itself. China is developing their own CBDC payments system that can rival what the BIS has. Here's what you must know and why this will backfire.