{"id":7329,"date":"2024-04-21T06:45:18","date_gmt":"2024-04-21T06:45:18","guid":{"rendered":"https:\/\/www.cryptometer.io\/news\/?p=7329"},"modified":"2024-04-21T06:45:21","modified_gmt":"2024-04-21T06:45:21","slug":"brics-eyes-cryptocurrency-to-sidestep-the-us-dollar","status":"publish","type":"post","link":"https:\/\/www.cryptometer.io\/news\/brics-eyes-cryptocurrency-to-sidestep-the-us-dollar\/","title":{"rendered":"BRICS Eyes Cryptocurrency to Sidestep the US Dollar"},"content":{"rendered":"\n<p>In a significant shift towards de-dollarization, the BRICS bloc, led by insights from Anatoly Aksakov, Chairman of the Russian State Duma Committee on the Financial Market, is advancing plans to adopt cryptocurrencies in lieu of the US dollar for trade transactions. This move aligns with their long-term strategy to diminish reliance on established fiat currencies like the US dollar and foster a multipolar economic world.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-strategic-shift-towards-digital-assets\">Strategic Shift Towards Digital Assets<\/h3>\n\n\n\n<p>BRICS has been progressively moving towards reducing its dependency on the US dollar, with initiatives to promote local currencies in bilateral trade arrangements. The integration of digital assets marks a pivotal development, especially with the introduction of the BRICS Pay system, which has been instrumental in this transition. This systematic shift towards digital currencies is poised to redefine international trade dynamics within the bloc.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-the-development-of-central-bank-digital-currencies-cbdc\">The Development of Central Bank Digital Currencies (CBDC)<\/h3>\n\n\n\n<p>The development of Central Bank Digital Currencies (CBDCs) by BRICS countries is central to this strategy. These digital currencies aim to provide a more stable and controlled medium for international trade compared to decentralized cryptocurrencies. The US, in contrast, has maintained a cautious approach towards CBDCs, highlighting a stark divergence in monetary strategy between the bloc and the West.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-implications-of-a-brics-bridge\">Implications of a &#8220;BRICS Bridge&#8221;<\/h3>\n\n\n\n<p>Russian Deputy Foreign Minister Sergey Ryabkov has proposed the creation of a &#8220;BRICS Bridge.&#8221; This platform aims to unify the financial systems of the BRICS nations, leveraging stablecoins and other digital currencies to facilitate trade and financial interactions. Such an initiative not only supports the de-dollarization agenda but also amplifies the bloc&#8217;s capability to conduct trade independently of traditional global financial systems dominated by the US dollar.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a significant shift towards de-dollarization, the BRICS bloc, led by insights from Anatoly Aksakov, Chairman of the Russian State Duma Committee on the Financial Market, is advancing plans to adopt cryptocurrencies in lieu of the US dollar for trade transactions. This move aligns with their long-term strategy to diminish reliance on established fiat currencies [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":7331,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[257,43],"tags":[],"class_list":{"0":"post-7329","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"category-general-news"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>BRICS Eyes Cryptocurrency to Sidestep the US Dollar<\/title>\n<meta name=\"description\" content=\"In a significant shift towards de-dollarization, the BRICS bloc, led by insights from Anatoly Aksakov, Chairman of the Russian State Duma Committee on the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.cryptometer.io\/news\/brics-eyes-cryptocurrency-to-sidestep-the-us-dollar\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BRICS Eyes Cryptocurrency to Sidestep the US Dollar\" \/>\n<meta property=\"og:description\" content=\"In a significant shift towards de-dollarization, the BRICS bloc, led by insights from Anatoly Aksakov, Chairman of the Russian State Duma Committee on the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.cryptometer.io\/news\/brics-eyes-cryptocurrency-to-sidestep-the-us-dollar\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoMeter.io\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-21T06:45:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-21T06:45:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/BRICS.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1750\" \/>\n\t<meta property=\"og:image:height\" content=\"984\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ayushi Somani\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@CryptoMeterIO\" \/>\n<meta name=\"twitter:site\" content=\"@CryptoMeterIO\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ayushi Somani\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/brics-eyes-cryptocurrency-to-sidestep-the-us-dollar\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/brics-eyes-cryptocurrency-to-sidestep-the-us-dollar\/\"},\"author\":{\"name\":\"Ayushi Somani\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/#\/schema\/person\/c5a4aeb0d5007ab0f90c54fa632ed930\"},\"headline\":\"BRICS Eyes Cryptocurrency to Sidestep the US Dollar\",\"datePublished\":\"2024-04-21T06:45:18+00:00\",\"dateModified\":\"2024-04-21T06:45:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/brics-eyes-cryptocurrency-to-sidestep-the-us-dollar\/\"},\"wordCount\":282,\"publisher\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/brics-eyes-cryptocurrency-to-sidestep-the-us-dollar\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/BRICS.jpg\",\"articleSection\":[\"Bitcoin\",\"General News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/brics-eyes-cryptocurrency-to-sidestep-the-us-dollar\/\",\"url\":\"https:\/\/www.cryptometer.io\/news\/brics-eyes-cryptocurrency-to-sidestep-the-us-dollar\/\",\"name\":\"BRICS Eyes Cryptocurrency to Sidestep the US Dollar\",\"isPartOf\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/brics-eyes-cryptocurrency-to-sidestep-the-us-dollar\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/brics-eyes-cryptocurrency-to-sidestep-the-us-dollar\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/BRICS.jpg\",\"datePublished\":\"2024-04-21T06:45:18+00:00\",\"dateModified\":\"2024-04-21T06:45:21+00:00\",\"description\":\"In a significant shift towards de-dollarization, the BRICS bloc, led by insights from Anatoly Aksakov, Chairman of the Russian State Duma Committee on the\",\"breadcrumb\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/brics-eyes-cryptocurrency-to-sidestep-the-us-dollar\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.cryptometer.io\/news\/brics-eyes-cryptocurrency-to-sidestep-the-us-dollar\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/brics-eyes-cryptocurrency-to-sidestep-the-us-dollar\/#primaryimage\",\"url\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/BRICS.jpg\",\"contentUrl\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/BRICS.jpg\",\"width\":800,\"height\":450,\"caption\":\"BRICS\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/brics-eyes-cryptocurrency-to-sidestep-the-us-dollar\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.cryptometer.io\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"BRICS Eyes Cryptocurrency to Sidestep the US Dollar\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/#website\",\"url\":\"https:\/\/www.cryptometer.io\/news\/\",\"name\":\"CryptoMeter.io\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#organization\"},\"alternateName\":\"CryptoMeter.io\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.cryptometer.io\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/#organization\",\"name\":\"CryptoMeter.io\",\"url\":\"https:\/\/www.cryptometer.io\/news\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/i0.wp.com\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/01\/cropped-favicon_large.png?fit=512%2C512&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/01\/cropped-favicon_large.png?fit=512%2C512&ssl=1\",\"width\":512,\"height\":512,\"caption\":\"CryptoMeter.io\"},\"image\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/x.com\/CryptoMeterIO\"],\"publishingPrinciples\":\"https:\/\/www.cryptometer.io\/news\/about-us\/\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/#\/schema\/person\/c5a4aeb0d5007ab0f90c54fa632ed930\",\"name\":\"Ayushi Somani\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/cropped-aayushi-96x96.png\",\"url\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/cropped-aayushi-96x96.png\",\"contentUrl\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/cropped-aayushi-96x96.png\",\"caption\":\"Ayushi Somani\"},\"description\":\"Ayushi Somani is an academically gifted individual who has a passion for blockchain technology. She is well-versed in the technology, having been an early adopter of cryptocurrency and investing in Bitcoin and several other digital currencies.\",\"url\":\"https:\/\/www.cryptometer.io\/news\/author\/ayushi\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"BRICS Eyes Cryptocurrency to Sidestep the US Dollar","description":"In a significant shift towards de-dollarization, the BRICS bloc, led by insights from Anatoly Aksakov, Chairman of the Russian State Duma Committee on the","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.cryptometer.io\/news\/brics-eyes-cryptocurrency-to-sidestep-the-us-dollar\/","og_locale":"en_US","og_type":"article","og_title":"BRICS Eyes Cryptocurrency to Sidestep the US Dollar","og_description":"In a significant shift towards de-dollarization, the BRICS bloc, led by insights from Anatoly Aksakov, Chairman of the Russian State Duma Committee on the","og_url":"https:\/\/www.cryptometer.io\/news\/brics-eyes-cryptocurrency-to-sidestep-the-us-dollar\/","og_site_name":"CryptoMeter.io","article_published_time":"2024-04-21T06:45:18+00:00","article_modified_time":"2024-04-21T06:45:21+00:00","og_image":[{"width":1750,"height":984,"url":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/BRICS.jpg","type":"image\/jpeg"}],"author":"Ayushi Somani","twitter_card":"summary_large_image","twitter_creator":"@CryptoMeterIO","twitter_site":"@CryptoMeterIO","twitter_misc":{"Written by":"Ayushi Somani","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.cryptometer.io\/news\/brics-eyes-cryptocurrency-to-sidestep-the-us-dollar\/#article","isPartOf":{"@id":"https:\/\/www.cryptometer.io\/news\/brics-eyes-cryptocurrency-to-sidestep-the-us-dollar\/"},"author":{"name":"Ayushi Somani","@id":"https:\/\/www.cryptometer.io\/news\/#\/schema\/person\/c5a4aeb0d5007ab0f90c54fa632ed930"},"headline":"BRICS Eyes Cryptocurrency to Sidestep the US Dollar","datePublished":"2024-04-21T06:45:18+00:00","dateModified":"2024-04-21T06:45:21+00:00","mainEntityOfPage":{"@id":"https:\/\/www.cryptometer.io\/news\/brics-eyes-cryptocurrency-to-sidestep-the-us-dollar\/"},"wordCount":282,"publisher":{"@id":"https:\/\/www.cryptometer.io\/news\/#organization"},"image":{"@id":"https:\/\/www.cryptometer.io\/news\/brics-eyes-cryptocurrency-to-sidestep-the-us-dollar\/#primaryimage"},"thumbnailUrl":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/BRICS.jpg","articleSection":["Bitcoin","General News"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/www.cryptometer.io\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.cryptometer.io\/news\/brics-eyes-cryptocurrency-to-sidestep-the-us-dollar\/","url":"https:\/\/www.cryptometer.io\/news\/brics-eyes-cryptocurrency-to-sidestep-the-us-dollar\/","name":"BRICS Eyes Cryptocurrency to Sidestep the US Dollar","isPartOf":{"@id":"https:\/\/www.cryptometer.io\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.cryptometer.io\/news\/brics-eyes-cryptocurrency-to-sidestep-the-us-dollar\/#primaryimage"},"image":{"@id":"https:\/\/www.cryptometer.io\/news\/brics-eyes-cryptocurrency-to-sidestep-the-us-dollar\/#primaryimage"},"thumbnailUrl":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/BRICS.jpg","datePublished":"2024-04-21T06:45:18+00:00","dateModified":"2024-04-21T06:45:21+00:00","description":"In a significant shift towards de-dollarization, the BRICS bloc, led by insights from Anatoly Aksakov, Chairman of the Russian State Duma Committee on the","breadcrumb":{"@id":"https:\/\/www.cryptometer.io\/news\/brics-eyes-cryptocurrency-to-sidestep-the-us-dollar\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.cryptometer.io\/news\/brics-eyes-cryptocurrency-to-sidestep-the-us-dollar\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.cryptometer.io\/news\/brics-eyes-cryptocurrency-to-sidestep-the-us-dollar\/#primaryimage","url":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/BRICS.jpg","contentUrl":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/BRICS.jpg","width":800,"height":450,"caption":"BRICS"},{"@type":"BreadcrumbList","@id":"https:\/\/www.cryptometer.io\/news\/brics-eyes-cryptocurrency-to-sidestep-the-us-dollar\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.cryptometer.io\/news\/"},{"@type":"ListItem","position":2,"name":"BRICS Eyes Cryptocurrency to Sidestep the US Dollar"}]},{"@type":"WebSite","@id":"https:\/\/www.cryptometer.io\/news\/#website","url":"https:\/\/www.cryptometer.io\/news\/","name":"CryptoMeter.io","description":"","publisher":{"@id":"https:\/\/www.cryptometer.io\/news\/#organization"},"alternateName":"CryptoMeter.io","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.cryptometer.io\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.cryptometer.io\/news\/#organization","name":"CryptoMeter.io","url":"https:\/\/www.cryptometer.io\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.cryptometer.io\/news\/#\/schema\/logo\/image\/","url":"https:\/\/i0.wp.com\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/01\/cropped-favicon_large.png?fit=512%2C512&ssl=1","contentUrl":"https:\/\/i0.wp.com\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/01\/cropped-favicon_large.png?fit=512%2C512&ssl=1","width":512,"height":512,"caption":"CryptoMeter.io"},"image":{"@id":"https:\/\/www.cryptometer.io\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/x.com\/CryptoMeterIO"],"publishingPrinciples":"https:\/\/www.cryptometer.io\/news\/about-us\/"},{"@type":"Person","@id":"https:\/\/www.cryptometer.io\/news\/#\/schema\/person\/c5a4aeb0d5007ab0f90c54fa632ed930","name":"Ayushi Somani","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/cropped-aayushi-96x96.png","url":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/cropped-aayushi-96x96.png","contentUrl":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/cropped-aayushi-96x96.png","caption":"Ayushi Somani"},"description":"Ayushi Somani is an academically gifted individual who has a passion for blockchain technology. She is well-versed in the technology, having been an early adopter of cryptocurrency and investing in Bitcoin and several other digital currencies.","url":"https:\/\/www.cryptometer.io\/news\/author\/ayushi\/"}]}},"jetpack_featured_media_url":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/BRICS.jpg","_links":{"self":[{"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/posts\/7329","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/comments?post=7329"}],"version-history":[{"count":1,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/posts\/7329\/revisions"}],"predecessor-version":[{"id":7332,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/posts\/7329\/revisions\/7332"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/media\/7331"}],"wp:attachment":[{"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/media?parent=7329"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/categories?post=7329"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/tags?post=7329"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}