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Have you seen this news? The BRICS have really accelerated their efforts on the BRICS currency by launching UNIT, a currency fully backed by gold. This time, it's serious.
So here’s how it works: the BRICS currency UNIT is composed of 40% physical gold and 60% a basket of currencies from member countries. No joke, it’s real backing. And guess who plays the key role in this system? XRP. Ripple wasn’t wrong to target institutions.
India has also recognized XRP as property, which opens up huge possibilities. That means XRP can now serve as collateral within the new financial framework. It’s exactly what was needed for asset transfers to become smooth and fast between BRICS countries.
What really interests me is that several banks aligned with BRICS have already tested XRP and confirm its effectiveness. The network is operational, atomic settlements are in place, cross-border liquidity is no longer an issue. And with XRP’s price currently oscillating around $1.45, we see the market beginning to digest the importance of this role.
The BRICS currency UNIT clearly positions itself as an alternative to the US dollar. Faster, more stable, less dependent on existing power structures. It’s a real paradigm shift for the global financial system. The long-term implications are enormous.