44 Nations Join BRICS in Ditching the Dollar—Is the Greenback’s Reign Ending?

The BRICS alliance just got a seismic power boost—44 countries are now actively undermining the dollar’s dominance. Move over, petrodollar; the multipolar currency era is accelerating.

Why it matters: When nearly a quarter of the world’s economies start sidelining the USD for trade, it’s not a ’trend’—it’s a tectonic shift. Gold-backed currencies and crypto settlements are gaining traction while Wall Street still pretends inflation is ’transitory.’

The kicker: This isn’t anti-American sentiment—it’s pure financial pragmatism. Why pay the inflation tax on a currency that gets weaponized every decade? (Looking at you, 1971 Nixon Shock.)

44 Countries Align With BRICS De-Dollarization Agenda

Vietnam became the latest country to show interest in the BRICS de-dollarization agenda in 2025. Around 44 countries are interested in BRICS expansion and officially taking part in the de-dollarization policies. The nations who are on the sidelines want to dismantle the US dollar’s dominance and replace it with local currencies.

The upcoming 17th summit in Rio de Janeiro will signal how fast the process will gain shape next. BRICS made it clear that the long-term goal of the alliance is to fast-track de-dollarization and end the US dollar’s supremacy. It is reported that many more countries could join the bandwagon from Asia and nations from the African region.

Emerging economies want to use BRICS as a stepping stone to officially launch the de-dollarization roadmap in their respective countries. They WOULD have the backing of the New Development Bank (NDB) which can disburse loans in local currencies for infrastructural developments.