#数字资产市场动态 The interconnection of digital currencies among BRICS countries—can it break the monopoly of the US dollar payment network?

Recently, the Reserve Bank of India has been promoting an idea: enabling interoperability of digital currencies among BRICS member countries. It seems like a technological innovation, but it actually involves deeper issues.

What is the current situation? Global cross-border trade and travel payments mostly rely on the US dollar channel. The result is long cycles, high costs, and frequent disruptions due to geopolitical conflicts. A few years ago, many countries' payments were frozen, exchange rate fluctuations followed, and both businesses and individuals suffered losses.

The core problem that BRICS digital currency interoperability aims to solve is actually very simple: peer-to-peer fast clearing. Skipping intermediate steps, transaction times can be reduced from days to hours or even minutes, and fees can also be lowered. For trading companies, this means faster cash flow and significantly reduced costs. For tourism and personnel mobility, it’s even more beneficial—no more being cut by exchange rate volatility.

From a macro perspective, this is building a new diversified path for the monetary system. As more emerging economies explore cross-border applications of digital currencies, the international payment landscape is quietly reshaping. $ETH and other crypto assets are also finding their positions in this process. The entire ecosystem is changing, and this is just the beginning.