India Proposes BRICS CBDC Interoperability to Reduce USD Dependency

Source: Crypto News | Original Published At: 2026-01-19 13:00:47 UTC

Key Points

• India's RBI proposes linking BRICS CBDCs (e-rupee, digital yuan, etc.) by 2026 through a shared digital infrastructure.
• Aims to bypass dollar-based correspondent banking systems, reducing transaction costs and settlement delays.
• Positioned as economic resilience against US tariff risks and geopolitical pressures mentioned by former President Trump.
• Requires technical interoperability standards and governance consensus among expanded BRICS membership.
• Includes mechanisms like bilateral FX swap lines to address trade imbalances between member states.