A draft digital asset named Unit is being piloted — backed 40% by physical gold and 60% by a basket of BRICS currencies (real, yuan, rupee, ruble, rand).
The pilot reportedly issued 100 Units on October 31, each initially pegged to 1 gram of gold.
As of early December, the underlying basket value reportedly adjusted to ~0.98 g gold per Unit, reflecting currency/gold-price fluctuations.
⚠️ But — this is not an official BRICS-wide currency yet. Several member states have not confirmed adoption. Experts caution it remains a prototype experiment — not a fully functional global currency.
🔍 Why This Gets Mega Attention
The Unit could offer an alternative to dollar-based trade and settlements — a de-dollarisation path for BRICS and global trade.
With large gold reserves (Russia, China, India, etc.), BRICS nations have real backing if this goes live — giving the idea a structural foundation.
If implemented, global trade might see a parallel payment network — less reliant on dollar-centred finance. That’s a big geopolitical & market shake-up.
⚠️ What’s Still Uncertain
No official, unified BRICS government resolution or central-bank mandate confirms use of Unit — just a research/pilot stage.
Diverse economies with different monetary policies may struggle to align long-term on a shared basket currency.
Liquidity, legal frameworks, cross-border trust remains key factors.
📈 What to Watch Next
Statements from BRICS central banks and the New Development Bank (NDB) — any formal endorsement = major signal
New pilot volume data — more Units issued or used = rising commitment
Global trade headlines using “Unit” in settlements — first real-world test of viability
Gold & currency-basket valuation trends — swings in value could test the stability of the Unit
Bottom line: Unit is a bold experiment with huge long-term implications — but right now, it’s a prototype.
If it scales, we could be witnessing the early steps of a post-dollar global trade architecture.
For now: stay alert, track developments — and don’t treat it as money yet.
#BRICS #Unit #BTCVSGOLD
