How the BRICS+ Unit Project Can Dethrone the Dollar

Source: Sputnik News | Original Published At: 2025-11-28 13:25:00 UTC

Key Points

• The Unit project (first revealed in 2024) proposes a decentralized digital token backed by 60% gold and 40% BRICS+ currencies to replace dollar-dominated cross-border transactions.
• Designed to enable BRICS+ countries to conduct trade and investments without Western financial intermediaries, aligning with de-dollarization strategies discussed at BRICS summits.
• The Unit combines features of fiat and crypto systems, offering stability through asset-backed reserves while leveraging blockchain technology (Cardano) for security and accessibility.
• Positioned as a tool for Global South economic empowerment, with potential to facilitate intra-BRICS+ commodity trading and sustainable development investments.
• Faces opposition from Western financial institutions but has academic validation from Russian economist Sergey Glazyev and potential advisory support from global economists.