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At the 16th BRICS Summit (October 22 to 24, 2025, in the Russian city of Kazan), attended by around 20 leaders, President Vladimir Putin emphasised the bloc’s Here, the BRICS countries are planning to launch a digital asset platform for cross-border settlements and create a new BRICS currency, or support any other currency to Successful implementation of a fully functional digital currency system with broad adoption amongst BRICS nations could challenge the U.S. dollar’s role as the world’s The five-nation BRICS group comprising Brazil, Russia, India, China and South Africa will work on creating a payment system based on blockchain and digital In a bold stride towards redefining the global financial landscape, the BRICS bloccomprising Brazil, Russia, India, China, and South Africahas unveiled plans to launch Now, that announcement is likely to be a BRICS digital currency, as it is poised to take a massive step forward in 2025. The bloc has continued individual work on Following the undeniable achievement of China's digital yuan, the evolution of a BRICS (Brazil, Russia, India, China, and South Africa) digital currency is set to take a According to ‘BRICS Sherpa’ Sergey Ryabkov, Russia’s Deputy Foreign Minister, digitization is key to moving beyond SWIFT and establishing a BRICS currency, and

BRICS Digital Currency: A Major Step Forward in 2025?

Is 2025 the year the BRICS digital currency takes center stage? The anticipation is building as the bloc, comprising Brazil, Russia, India, China, and South Africa, accelerates its efforts to create a new payment system. This initiative, based on blockchain and digital technologies, aims to reshape the global financial landscape and potentially challenge the dominance of the U.S. dollar. Following the undeniable achievement of China's digital yuan, the evolution of a BRICS digital currency is set to take a significant step forward in 2025.

The BRICS Digital Currency Platform: What to Expect

At the 16th BRICS Summit (October 22 to 24, 2025, in the Russian city of Kazan), attended by around 20 leaders, President Vladimir Putin emphasised the bloc’s focus on alternative financial systems. Here, the BRICS countries are planning to launch a digital asset platform for cross-border settlements and create a new BRICS currency, or support any other currency. The goal is to establish a system independent of SWIFT, as Russia’s Deputy Foreign Minister Sergey Ryabkov, ‘BRICS Sherpa’, has stated that digitization is key to moving beyond SWIFT and establishing a BRICS currency.

Challenging the Dollar's Dominance: BRICS' Ambitious Goal

Successful implementation of a fully functional digital currency system with broad adoption amongst BRICS nations could challenge the U.S. dollar’s role as the world’s reserve currency. While details are still emerging, the five-nation BRICS group is committed to creating a payment system based on blockchain and digital innovations. Now, that announcement is likely to be a BRICS digital currency, as it is poised to take a massive step forward in 2025. The bloc has continued individual work on digital currency initiatives.

BRICS Payment System: Key to Cross-Border Transactions

In a bold stride towards redefining the global financial landscape, the BRICS bloc has unveiled plans to launch what is likely to be a BRICS digital currency, and it is poised to take a massive step forward in 2025. The BRICS payment system aims to facilitate seamless cross-border transactions and reduce reliance on traditional financial infrastructure. By leveraging blockchain technology, the BRICS nations hope to foster greater financial inclusion and economic cooperation. Stay tuned for updates as the BRICS digital currency initiative progresses!

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