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BTCC / BTCC Square / Global Cryptocurrency /
BRICS Nations Accelerate De-Dollarization Amid US Currency Weakness

BRICS Nations Accelerate De-Dollarization Amid US Currency Weakness

Author:
Global Cryptocurrency
Published:
2026-01-28 12:41:02
17
1
BTCCSquare news:

The US dollar plunged 1.3% on January 27, 2026, marking its steepest single-day drop since April 2025 and reaching lows unseen since February 2022. Former President Donald TRUMP dismissed concerns, stating "the dollar is doing great" despite mounting evidence of structural decline.

BRICS nations are capitalizing on this weakness, constructing a parallel financial system powered by central bank digital currencies (CBDCs) and commodity-backed trade mechanisms. India's Reserve Bank has proposed interlinking CBDCs like the e-rupee and digital yuan to create direct payment corridors, while Russia unveiled the BRICS Pay prototype in late 2024 as a SWIFT alternative.

This strategic shift reflects growing concerns over financial sovereignty and sanctions exposure among emerging economies. The MOVE toward digital settlement rails could fundamentally alter global currency flows, though no specific cryptocurrencies are yet named in the BRICS framework.

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