De-dollarization is going to happen ๐ฑ.
๐ BRICS move closer to ditching the dollar .
๐ท๐บ Russia planning to link it's digital ruble with other CBDCs for trade and avoid the USD dependencies.
๐ฎ๐ณ India RBI also wants shared CBDS infra and rules. More details will available after 2026 BRICS Summit.
๐ Currencies will be traded country to country without converting to USD .
๐ Current Scenario : India buys oil > Pay with USD > Banks clear with US linked systems .
Proposed Model : India pays in digital rupee โ auto converts to digital ruble โ settles instantly.
๐ Interoperability standards โ Cross-border payment rails โ Regulatory coordination โ
Possibly a BRICS settlement network
๐ In long-term it's an structure shift .
----Energy trade shifts
----Commodity settlement shifts
----Payment infrastructure fragments
๐ BRICS holding 5,500 tons of gold officially.
๐ FX holding around 4.7 trillion.
BRICS for ( Brazil, Russia, India, China, South Africa ).
What do you think about $USDT ๐ค?