Escobar: How The BRICS+ ‘Unit’ Can Save Global Trade

Source: ZeroHedge | Original Published At: 2025-12-06 04:25:00 UTC

Key Points

• The Unit is a proposed digital monetary tool backed by 60% gold and 40% diversified BRICS+ currencies to facilitate cross-border trade.
• Designed as a decentralized, non-crypto alternative to fiat currencies, it aims to break the US dollar's dominance in global finance.
• The Unit will launch on the Cardano blockchain, combining traditional banking infrastructure with decentralized systems for Global South accessibility.
• BRICS+ emphasizes de-dollarization through initiatives like The Unit to create apolitical, non-censored financial mechanisms for emerging economies.
• Challenges include resistance from Western financial institutions and the need for stronger intra-Global South economic coordination.