BRICS Slams the Dollar’s Dominance—And Traders Are Paying Attention

The dollar’s reign faces its most credible threat yet as BRICS nations quietly build financial infrastructure to bypass USD settlements. Gold-backed trade deals, digital currency bridges, and direct currency swaps are chipping away at the petrodollar’s monopoly—while Wall Street still pretends it’s 1944.

Key moves shaking the system:

- China processing 40% of its commodity trades in yuan (up from 3% in 2020)

- India-Russia oil payments locked in rupees and dirhams

- New BRICS+ members like Saudi Arabia testing non-dollar oil contracts

This isn’t some anti-Western conspiracy—it’s simple math. Why pay the inflation tax on trillions in dollar reserves when you can trade directly? The real question isn’t if de-dollarization accelerates, but which crypto pairs will absorb the spillover liquidity first. Spoiler: BTC/XAU and XRP/CNY charts are looking spicy.

Meanwhile, the IMF still issues ’stablecoin’ warnings while the real stablecoin—Treasury debt—loses its peg to purchasing power. The irony writes itself.

BRICS: US Dollar Losing Trust, Local Currencies Gain

The US dollar’s supremacy stood on trust for several decades, and the belief in the currency is now eroding. As developing nations realized that the White House is weaponizing the US dollar for its benefit, things began to fall apart. The main goal of BRICS is now to topple the US dollar and push local currencies ahead for trade.

Read here to know how many sectors in the US will be affected if BRICS ditches the dollar for trade. The development makes it difficult for the USD to sustain itself in the long-term horizon. Many more countries are expected to join the de-dollarization bandwagon to strengthen their local currencies.

Local currencies could rise next, leading to the financial markets experiencing a change. Leading currencies like the euro, Japanese yen, and Chinese yuan are the contenders to spread their wings further. If the US dollar is brought down; BRICS will be the winners, global financial order will be unveiling the new, the world of the next financial era.