BRICS Nations Rally: Can Global Alliances Finally Dethrone the US Dollar?

The US dollar''s reign faces its fiercest challenge yet—BRICS and allies are mounting a coordinated assault on its dominance. Here''s how the financial coup unfolds.

The De-Dollarization Playbook

From oil trades settled in yuan to gold-backed crypto alternatives, the anti-dollar coalition isn''t just talking—they''re building infrastructure. Swift alternatives now handle 23% of cross-border transactions among member states.

Cryptocurrency''s Silent Coup

Bitcoin and stablecoins have become the rebellion''s Swiss bank accounts. Trading volumes between BRL-BTC pairs surged 400% last quarter—apparently, even central bankers like their volatility with a side of deniability.

The Irony of Unity

Five economies that can''t agree on tariffs are somehow aligning to topple history''s most stable currency. Wall Street''s response? A collective shrug—and another round of dollar-denominated debt issuance.

BRICS: Global Alliances Unite against the US Dollar, Says Nigerian Foreign Minister

Several African countries were already supporting BRICS from the sidelines as they decided to end reliance on the US dollar. Kenya and Nigeria have openly expressed disinterest in using the USD and showed support for trade in local currencies. Many other countries in Africa could join the bandwagon adding pressure on the prospects of the US dollar. The upcoming decade could be different from what we know of today as emerging economies are taking the driver’s seat.