3 min read –
BRICS Challenge Dollar Dominance
With A Gold-Backed Blockchain Currency –
Toward a Sound Money Renaissance
In a bold move toward financial sovereignty, the BRICS bloc (China, Russia, Brazil, India, South Africa) is quietly developing a unified digital currency, without the USA’s consent.
This proposed currency would be pegged to member states’ vast gold reserves, tokenized on the XRP Ledger for seamless, low-cost transactions.
Unlike traditional fiat systems, this hybrid model combines the timeless and sound value of gold with cutting-edge blockchain technology, allowing rapid settlements at near-zero fees.
At its core, this project addresses the vulnerabilities exposed by Western sanctions, such as Russia’s 2022 SWIFT exclusion, which froze $300 billion in assets.
By 2025, BRICS gold holdings exceed 6000 tonnes representing 22% of global reserves, up from 5% in 2008.
This “gold rush” saw over 30 nations join the fray, with central banks purchasing double the prior decade’s average.
The BRICS initiative is supposed to be operational by 2026, fostering a parallel financial network free from geopolitical leverage.
This BRICS framework challenges the dollar-SWIFT duopoly, where Western banks have the most influence.
Gold hit $4,381 per ounce on October 17, 2025, marking a new all-time high, a 56% yearly surge, driven by Fed rate cuts and debt fears.
XRP’s On-Demand Liquidity handled $1.3 trillion in Q2 2025, proving scalability for sovereign volumes.
The U.S. dollar faces mounting challenges, with its reserve status eroding as BRICS alternatives gain traction.
Inevitably, the USD will lose its global perch, devaluing and enabling the U.S. to inflate away its $38 trillion debt more painlessly, a bitter pill for creditors worldwide.
The technology for a new monetary order, sound money free from fiat defects, already exists in cryptocurrencies.
Blockchain’s transparency and efficiency indicate a return to disciplined systems, where value derives from scarcity, not from the government’s money printing press.
The world is awakening to 1971’s folly: Nixon’s gold shock unleashed unchecked printing, fueling inequality and crises all over the world.
Just look at the poor state of our world in 2025.
Humanity’s progress suffers, prioritizing short-term gains over enduring stability.
Reinstating a standard (gold and Bitcoin as prime contenders) is step one to prosperity and equilibrium.
No longer cypherpunk playgrounds, cryptocurrencies draw states and institutions.
This multidimensional arena invites all tactics, promising innovation amid ruthless rivalry.
This is happening now.
Come to Asia and be part of it.
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PS: Definitions of some Key Concepts
Dedollarization
Refers to the strategic reduction in reliance on the U.S. dollar for international trade and reserves.
Currently, the dollar underpins 88% of global transactions via SWIFT, but BRICS nations, facing sanctions and inflation, are pivoting to local currencies and alternatives.
This shift, accelerated post-2022, aims to insulate economies from U.S. policy fluctuations, with 75% of central banks planning to cut dollar exposure.
A gold-backed BRICS currency could settle trades in commodities, slashing dollar use by 40% within the bloc.
Blockchain
Is the foundational technology here, is a decentralized digital ledger that records transactions across a network of computers, ensuring immutability and transparency without intermediaries.
The XRP Ledger, developed by Ripple, excels in this realm, processing 1,500+ transactions per second making it ideal for institutional-scale cross-border flows.
BRICS pilots, including Brazil’s central bank experiments, highlight its role in automating escrows for secure, traceable payments.
Gold standard
It ties a currency’s value directly to a fixed quantity of gold, historically stabilizing economies by limiting money printing.
Abandoned by the U.S. in 1971 under Nixon, it curbed inflation but unleashed fiat excesses.
BRICS’ version revives this via digital means: physical gold vaults underpin the currency, redeemable on demand, blending scarcity with modern utility.
Tokenization
Digitizes real-world assets like gold into blockchain-based tokens, each representing fractional ownership.
Russia’s proposed gold-pegged stablecoin exemplifies this, allowing instant transfers while audits verify reserves.
China’s digital yuan expansions and India’s blockchain research further this, enabling tokenized gold to flow as easily as data, boosting liquidity without physical shipment risks.
Picture: ai3d.blog
Sources: bdor.fr, ainvest.com, infobrics.org, coinjournal.net, bitget.com, cryptonews.net, Grok.