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BRICS Digital Trade Currency - The Unit
December 13 , 2025
15 hrs 0 min
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- The Unit is a pilot digital settlement currency developed by IRIAS (International Research Institute for Advanced Systems) with the informal support from BRICS members.
- It is designed for BRICS cross-border trade and is backed by 40% physical gold and 60% BRICS currency basket.
- Transactions operate on a permissioned Cardano blockchain, ensuring secure and transparent settlements.
- It aims to reduce dependence on the US dollar and create a neutral, stable trade-settlement option for the Global South.
- It is not meant to replace national currencies but only to support international trade payments within BRICS.
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