BRICS’ Strategic Shift: CBDCs and Payment Systems Over a Unified Currency

BRICS nations are quietly advancing a de-dollarization strategy through sophisticated financial infrastructure rather than a single replacement currency. The development of Central Bank Digital Currencies (CBDCs) and cross-border payment systems like Project mBridge underscores this measured approach. Contrary to sensational claims, the alliance isn't pursuing an abrupt dollar collapse but building alternatives to reduce reliance on traditional USD-based systems.

Project mBridge emerges as the cornerstone of this strategy, enabling direct CBDC transactions between member states. The platform bypasses dollar intermediation while maintaining interoperability with existing financial frameworks. Treasury markets and global liquidity pools continue to favor the dollar, making BRICS' incremental approach a pragmatic response to monetary hegemony.