BRICS-Led De-Dollarization Gains Momentum as EAEU Shifts 93% of Trade to National Currencies

The Eurasian Economic Union (EAEU), spearheaded by BRICS member Russia, has reached a pivotal milestone in de-dollarization efforts. Cross-border payments within the alliance now see 93% settled in national currencies, accelerating the decline of USD dominance in emerging markets.

This strategic shift mirrors broader BRICS initiatives to reshape global finance outside Western frameworks. The MOVE compounds pressure on the dollar’s reserve status as economic blocs increasingly bypass traditional settlement systems.

While the article mentions no specific cryptocurrencies, the trend toward alternative settlement mechanisms creates fertile ground for digital asset adoption. Decentralized currencies may benefit from this accelerating fragmentation of the global monetary order.