SCO Summit 2025: Digital Trading Platform To Be Launched To Bypass USD
The Shanghai Cooperation Organization (SCO) 2025 summit’s Global Mayor’s Dialogue is being held in China’s Tianjin city on Tuesday, July 15. The member countries are discussing steps on how to strengthen the alliance and ink new trade deals and policies. China is leading the summit with talks about making the bloc more efficient and improving the functioning of the alliance. India’s Foreign Minister S. Jaishankar met Chinese President Xi Jinping five years after the border standoff. Also Read: These 3 Things That May Accelerate The De-Dollarization Move SCO Countries Plan To Launch Digital Trading Platform & Sideline US Dollar: 2025 Summit Source: AFP During the SCO 2025 Summit, China discussed the prospects of establishing a new digital trading platform among member nations. The move is to bypass the US dollar for transactions and use the digital trading platform to strengthen the alliance. “We also hope to establish a convenient digital trade platform with SCO ...