🚨 BRICS vs Dollar? Here’s what I’m watching 👀
There’s growing talk that BRICS nations are working on a shared digital settlement system so they can trade with each other without depending heavily on the U.S. dollar.
This doesn’t mean the dollar disappears tomorrow — that’s not realistic.
But the goal is clearly to reduce reliance over time.
For years the dollar dominated global trade: • Oil priced in USD
• International transfers via SWIFT
• Central bank reserves mostly in USD
Now Brazil, Russia, India, China and South Africa want direct settlement rails between themselves — especially after sanctions pressure and payment restrictions.
If they successfully build trust around a new payment system, it won’t replace the dollar overnight… but it could slowly push the world toward a multi-currency financial structure.
Why markets care: Less dollar dominance = bigger role for neutral assets & blockchain payment networks.
Not panic news — more like a long-term structural shift worth tracking.
Coins I’m watching tied to this narrative: $XRP $XLM $BTC
The next few years might change how global money actually moves 🌍