BRICS De-Dollarization Drive Could Pave Way for Crypto Settlement Layer
Russia and India's de-dollarization push, aiming for $100B in bilateral trade by 2030, could accelerate BRICS' exploration of digital currencies and blockchain-based payment rails. With most transactions already in local currencies and a planned AI cybersecurity center, the infrastructure for a sovereign or permissioned crypto settlement system is taking shape. The move sidelines Western-controlled networks, potentially opening the door for a BRICS digital asset.
Source: russiaherald.com · russiaherald.com