BRICS Dumps Dollar Dominance: Yuan Hits 24% of Payments in 2025

The BRICS bloc just dealt another blow to the petrodollar—Chinese yuan now accounts for nearly a quarter of all cross-border payments. Dollar bulls are sweating.

De-dollarization accelerates: Emerging markets quietly execute their 20-year plan to sideline Western financial systems. Guess who’s laughing all the way to the Shanghai Gold Exchange?

Bonus cynicism: Traders still pretending this shift won’t trigger the mother of all currency wars when the Fed next cuts rates. Place your bets.

BRICS: Chinese Yuan Payments Touched 24% in 2025, A Big Leap From Last Year

A recent survey published by the Renmin University’s International Monetary Institute sheds light that bigger enterprises are now considering settling payments in Chinese yuan and lessening the US dollar transactions. Renmin University’s findings show that the yuan is slowly being internationalized and is growing as a form of payment. This puts the BRICS members in the spotlight as China could dictate the rules of policy deals in the Chinese yuan.

The percentage of enterprises planning to increase yuan settlements ROSE from 21.5% in the second quarter to 23% in Q4 of 2024. However, it further increased to 24% in the first quarter of 2025 marking a significant shift. BRICS member China is seeing the Chinese yuan gain support from emerging economies as the US is isolating other countries.

In addition, around 68% of enterprises surveyed revealed that they’re using the Chinese yuan for settlements. 53% were using the currency for foreign exchange trading. This powers the Chinese yuan giving BRICS member China leverage in the global markets.said Changjiang to SCMP News. He also highlighted that, unlike previous instances, the global capital has not been flowing to the US this time around.