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BRICS is pushing alternatives like local currency trades and blockchain payments to reduce $USD reliance, with some progress in 2025 via expanded membership and systems like mBridge. However, internal divisions, economic disparities, and the dollar's dominance in reserves (around 60%) and trade (88% of FX) make a full takedown unlikely soon. It's a gradual shift, not an imminent end.
BRICS is pushing alternatives like local currency trades and blockchain payments to reduce $USD reliance, with some progress in 2025 via expanded membership and systems like mBridge. However, internal divisions, economic disparities, and the dollar's dominance in reserves (around 60%) and trade (88% of FX) make a full takedown unlikely soon. It's a gradual shift, not an imminent end.