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BTCC / BTCC Square / Global Cryptocurrency /
BRICS CBDC Proposal Threatens Dollar’s Transactional Dominance, Not Reserve Status

BRICS CBDC Proposal Threatens Dollar’s Transactional Dominance, Not Reserve Status

Author:
Global Cryptocurrency
Published:
2026-01-24 14:15:01
20
3
BTCCSquare news:

The Reserve Bank of India's proposal to link BRICS nations' CBDCs for trade settlements could reshape cross-border transactions. While the mechanism WOULD reduce reliance on dollar-based infrastructure for intra-BRICS trade, the greenback's reserve currency status remains unchallenged.

Faster settlements and reduced FX costs for the 10-member bloc may accelerate commodity trade in local currencies—particularly oil and gas. This aligns with BRICS' de-dollarization efforts but falls short of displacing the dollar's global safe-haven role.

Market implications: Crypto assets like(cross-border payments) and(store of value) may see renewed interest as bridges between CBDC systems. Exchanges likeandcould benefit from volatility in dollar-pegged stablecoins.

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