digitalcurrency

Here’s the latest on BRICS pushing for digital currency integration — a key development in global finance and potential de-dollarization efforts:
Reuters
Bitget
India's central bank proposes linking BRICS' digital currencies, sources say
BRICS CBDC Proposal: India’s Central Bank Unveils Ambitious Plan to Revolutionize Global Payments
Today
Today
🪙 1. India’s RBI Proposes Linking BRICS CBDCs
India’s central bank (RBI) has formally proposed linking the central bank digital currencies (CBDCs) of the core BRICS members — Brazil, Russia, India, China, and South Africa — as an agenda item for the 2026 BRICS summit. The idea is to create interoperable digital currency systems across the bloc to make cross-border trade and tourism payments easier and reduce reliance on the US dollar for international transactions. �
The Economic Times +1
If adopted, this would be the first formal attempt at operationally linking BRICS CBDCs. �
The Economic Times
All five core members currently run CBDC pilot projects, but none have fully launched yet. �
The Economic Times
Challenges include agreeing on interoperable technology standards, governance, and trade-imbalance settlement mechanisms. �
The Economic Times
💱 2. Shift Toward Alternative Payment Systems
BRICS is increasingly focusing on non-dollar payment infrastructures rather than a single shared currency:
In 2025, BRICS leaders emphasized payment system interoperability over a common currency, recognizing technical and political hurdles to creating a single BRICS money. �
GIS Reports
Initiatives like BRICS Pay aim to integrate national payment platforms and allow direct local-currency transactions across member states. �
brics bridge
🌐 3. Broader De-Dollarization Strategy
These digital currency moves form part of a larger strategy to weaken dependence on the U.S. dollar in global trade:
Some reports highlight exploration of blockchain-based payment infrastructures and even discussions around commodity-linked digital ‘units’ that could act as settlement assets for BRICS trade. �
Newcastillian News
Such systems leverage national CBDCs (e.g., India’s e-rupee, China’s digital yuan) as interoperable rails for cross-border payments. �
The Economic Times
📈 4. Context — China’s Digital RMB and mBridge
While not strictly within BRICS, related projects show the broader momentum:
Platforms like mBridge — involving the digital yuan and other Asian/Central bank digital currencies — have processed tens of billions in cross-border transactions, highlighting how multi-CBDC networks can work in practice. �
Reuters
🧭 What This Means
🌍 Trade & Finance Efficiency: Linking CBDCs could lower costs and settlement times for BRICS trade, especially for smaller transactions that traditionally require U.S. dollar clearing.
💡 Geopolitical Impact: Such moves are often framed as strengthening economic sovereignty and building financial infrastructure independent of Western systems — a recurring theme in BRICS strategy. �
ebc.com
⚠️ Challenges Remain: Interoperability, regulatory alignment, and geopolitical resistance (e.g., from U.S. policymakers wary of de-dollarization) are significant hurdles. �
The Economic Times
If you want, I can also break down how this could affect Pakistan or local currencies more broadly — just let me know!
$BRIC
#BRICS #CBDC #DigitalCurrency #BlockchainTechnology #InternationalTrade

The CLARITY Act which would regulate digital assets, remains undetermined due to a stalemate between Coinbase and the White House over the provisions of the stablecoin yield. Stablecoin yield refers to the interest-like return offered on balance funds held as stablecoins.
The Dispute
The disagreement focuses on the Senate's draft text, which attempts to prevent digital asset providers from yielding interest on stablecoin holdings, yet allows other forms of rewards that can be linked to user activity. Brian Armstrong, the chief executive of Coinbase, counters that this would hurt competition and favor traditional banks. The White House is said to be furious with the Coinbase decision to withhold support for the bill and might ditch the legislation unless Coinbase agrees to a compromise.
Stakes for Coinbase
For Coinbase, the supply of yield from stablecoins is huge, at around $1 billion in revenue per year. The company has countered that such a move would wipe out a major revenue stream and also limit innovation. Armstrong has framed the dispute as one pitting his business against bank lobbying efforts seeking to stifle competition through regulation.
Potential Impact
However, it appears that the future of CLARITY is uncertain at this moment, with postponement of its markup session by the Senate Committee on Banking. This could also impact the future of the cryptocurrency market, with market observers speculating that an overly stringent bill might fragment markets, resulting in people using offshore markets.
Key Issues
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- Yield Restrictions on Stablecoins: The provision within the bill that prevents digital asset service providers from paying yield on stablecoins.
- Banking Lobbying: The argument between Coinbase and banks refers to lobbying by banks in regard to regulations. The company claims that banks are employing
- Regulatory Uncertainty: The fate of the bill remains uncertain, which has repercussions for the crypto market.
What’s Next? The industry is eagerly waiting to see whether lawmakers will be able to strike a middle ground to pass the legislation. The White House crypto czar David Sacks appealed to the industry to take this opportunity to “resolve any remaining differences." The result of this vote is indeed likely to be of monumental significance to the future of crypto regulation in the US.
#crypto #DigitalCurrency #stablecoins #crypto #cryptomarket
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