Will not succeed

BRICS is piloting a gold-backed digital trade currency called 'Unit', combining gold and member countries' currencies to facilitate cross-border settlements. According to NS3, India is advocating for the connection of central bank digital currencies (CBDCs) for cross-border payments at the 2026 summit, enhancing payment integration and reducing reliance on the US dollar. These initiatives, along with the significant gold accumulation by BRICS countries, indicate a shift in the global trade settlement mechanism towards de-dollarization and alternatives.