BRICS Forum in Brazil Advocates for Stablecoins to Challenge the Dollar: "We Can’t Be Hostages" – September 2025 Update
- Why Is BRICS Pushing for Stablecoins in 2025?
- The Geopolitical Chessboard Behind Crypto Adoption
- Stablecoins vs. CBDCs: The Unspoken Tension
- What This Means for Crypto Markets
- FAQ: Your BRICS Stablecoin Questions Answered
The recent BRICS forum in Brasília sparked heated discussions about reducing reliance on the US dollar, with stablecoins emerging as a key alternative. Experts and policymakers emphasized the need for financial sovereignty, citing the bloc’s growing economic influence. This article dives into the forum’s crypto-focused panel, analyzes the potential of stablecoins, and explores the geopolitical implications of de-dollarization efforts. Spoiler: it’s not just about economics—it’s a power play.
Why Is BRICS Pushing for Stablecoins in 2025?
The September 2025 BRICS forum in Brazil wasn’t just another diplomatic handshake session. One panel cut straight to the chase: "How do we break free from dollar dependency?" The answer? Stablecoins. A senior Brazilian official bluntly stated, "We can’t be hostages to a currency that weaponizes its dominance," referencing recent US sanctions affecting BRICS nations. Panelists argued that dollar-pegged stablecoins (like USDT or USDC) are temporary fixes, while BRICS-backed alternatives could reshape global trade. CoinMarketCap data shows stablecoin use in BRICS nations surged 210% since 2023—proof the trend was building before this forum.
The Geopolitical Chessboard Behind Crypto Adoption
What makes this different from 2020’s "let’s create a BRICS currency" talks? Concrete action. Russia’s 2024 gas trades in yuan and India’s UPI-linked CBDC pilot set the stage. Now, Brazil’s suggestion to tokenize commodity reserves (soybeans, oil) as collateral for stablecoins adds a tangible layer. "Imagine Argentina paying for Brazilian oil with a soy-backed stablecoin," mused a BTCC analyst during the panel. The subtext? An economic bloc representing 45% of the world’s population wants payment autonomy. TradingView charts reveal the dollar’s share in BRICS trade dropped to 58% in Q2 2025—down from 79% in 2022.
Stablecoins vs. CBDCs: The Unspoken Tension
Here’s the twist: while China’s digital yuan (e-CNY) advances, other BRICS members prefer private stablecoins for speed. South Africa’s delegate noted, "CBDCs take years; stablecoins let us move now." The compromise? Hybrid models where central banks regulate issuers like Binance or BTCC—yes, the exchange got a shoutout for its commodity-linked stablecoin research. Skeptics counter that stablecoins still Tether to fiat systems, but as the panel’s sole dissenter admitted: "It’s a stepping stone to something truly independent."
What This Means for Crypto Markets
Post-forum, bitcoin jumped 4.2% as traders bet on broader crypto adoption. But the real action was in stablecoin pairs: BRL/USDT volume spiked 300% on Brazilian exchanges. "This isn’t just speculation," a local trader told me. "Exporters are actually using USDT to avoid USD conversion fees." The forum didn’t announce a "BRICS coin," but the message was clear: the dollar’s grip is loosening, and crypto is the crowbar. Just don’t call it a revolution—yet.
FAQ: Your BRICS Stablecoin Questions Answered
Are BRICS creating their own stablecoin?
Not officially yet. The 2025 forum focused on promoting existing stablecoins while researching commodity-backed options. A joint project could emerge by 2026.
How would BRICS stablecoins affect the US dollar?
Initially minimal, but if oil/commodity trades shift to stablecoins, demand for dollars in BRICS transactions could gradually decline.
Which cryptocurrencies gained from this news?
Stablecoins (USDT, USDC) saw immediate volume spikes, while Bitcoin benefited from broader crypto sentiment. Projects like BRZ (Brazilian stablecoin) also rallied.
