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Last updated: June 18, 2025, 23:06  |  Written by: Vitalik Buterin

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Brazil

BRICS Countries officially abandon the US dollar for trade

Brazil’s President wants to use local currencies for cross-border transactions to challenge the U.S. dollar. Da Silva also suggests other alternatives such as the soon-to-be

U.S. President-elect Donald Trump has warned the BRICS countries that if they attempt to replace the “mighty U.S. dollar” they would face “100 percent tariffs and should

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The BRICS Cross-Border Payment Initiative (BCBPI) will use national currencies, instead of the US dollar. Russia's finance ministry and central bank released a

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Vitalik Buterin can be reached at [email protected].

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