US Dollar to Remain Central to Global Trade; BRICS Push for Greater Trade Positive Development: Rogers Capital Consultancy CEO

Source: ANI (Asian News International) | Original Published At: 2026-09-13 09:57:01 UTC

Key Points

• Chip Rogers, President and CEO of Rogers Capital Consultancy, said BRICS is unlikely to reduce its dependence on the US dollar in the near future.
• He said BRICS is also unlikely to create a common currency in the near term, with the dollar expected to remain central to global trade.
• Speaking on the sidelines of BRICS Summit 2026, Rogers noted that around 99 per cent of stablecoins are backed by US Treasuries or the US dollar.
• He said he expects the trend of dollar-backed stablecoins to continue as the dollar remains the primary currency underpinning global trade.
• Rogers acknowledged a goal to trade outside dollar-backed currencies or digital assets but said this will not happen overnight.
• He said the US dollar will likely continue to play a major role for quite some time.