BRICS Nations Explore Digital Currency Link to Sidestep USD

Source: Devdiscourse | Original Published At: 2026-01-19 05:39:25 UTC

Key Points

• India proposes linking BRICS digital currencies to facilitate cross-border trade and tourism payments
• Initiative aims to reduce reliance on U.S. dollar amid geopolitical tensions
• Proposal will be considered at the 2026 BRICS summit hosted by India
• Technical challenges include interoperability and regulatory consensus among member states
• Potential implementation could challenge existing global economic frameworks