BRICS Currency Backed by Gold and XRP: Impressive Progress

The BRICS gold-backed currency using XRP is showing real progress right now, and member nations are actually building the infrastructure needed for trade settlements that can bypass dollar systems entirely. Central banks from BRICS countries have been working directly on the XRP Ledger for years, and the evidence keeps piling up that this alternative to the current financial setup is becoming more serious by the day.

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Also Read: Wall Street Joins BRICS Gold Bull Run, Sees $10,000 Price Ahead## BRICS Gold-Backed Currency XRP Ledger Reveals Latest Progress

Source: The Daily EconomySource: The Daily EconomyThe XRP Ledger has been under development quietly by BRICS nations, and most people had no idea this was happening. Versan Aljarrah of Black Swan Capitalist dug through archived documents and found that central banks within BRICS nations, along with the New Development Bank, have been building on the XRP Ledger for years now. These aren’t just casual mentions either – official materials from BRICS point to escrow and automation Features on XRPL as tools that could handle cross-border payment needs.

Features### Central Banks Build BRICS Gold-Backed Currency XRP Infrastructure

Brazil’s central bank has published papers that specifically name Ripple in its tests of distributed ledger systems, and private sector projects in Brazil are already using XRPL for tokenization and financing right now. The XRP Ledger’s escrow system locks payments and releases them automatically, which streamlines the whole process. This aligns directly with what the BRICS nations want – a financial structure that operates independently and doesn’t rely heavily on the US dollar for clearing and settlement.

The BRICS currency progress has been consistent across several years of meetings, research papers, and economic forums at the time of writing. This suggests a coordinated strategy rather than just a one-off experiment, and the groundwork dates back years according to the documents that have been uncovered. The BRICS XRP Ledger integration shows a pattern of deliberate engagement that’s been ongoing for quite some time now.

Russia’s State Duma Committee on Financial Markets chairman, Anatoly Aksakov, revealed integration plans during an interview with Vestfm radio and had this to say:

“China has already developed its digital yuan and India will soon be actively introducing the digital rupee into the economy. This means the information systems of the three countries could be combined for transactions in digital currencies.”

“China has already developed its digital yuan and India will soon be actively introducing the digital rupee into the economy. This means the information systems of the three countries could be combined for transactions in digital currencies.”

Russia and China Drive Gold Reserve Expansion

Russia is working on tokenizing its gold reserves right now through several key strategic programs, and China is expanding its gold holdings to back a future financial system. BRICS is developing the new currency model that would use gold as the backing asset while XRP serves as the bridge to settle trades quickly across multiple essential payment corridors. Unlike Bitcoin, which is volatile, or Ethereum, which faces congestion issues, XRP has engineered a fast and cost-effective solution that was built specifically for institutional use.

Russia has its own reasons for pushing this forward – the country is concerned about the ability of the US to freeze its reserves, which happened when several prominent Russian banks were excluded from SWIFT back in 2022. China fears losing financial autonomy, especially with its growing global presence, and both nations have signed agreements for trade in local currencies already involving various major trading partners. The BRICS gold-backed currency using XRP addresses these concerns by providing an alternative settlement layer across numerous significant financial channels.

Aksakov also stated during another interview:

“Money will move within information systems bypassing banks and therefore no one abroad will be able to see these transactions.”

“Money will move within information systems bypassing banks and therefore no one abroad will be able to see these transactions.”

BRICS Gold-Backed Currency Release Date and Timeline

The release date for the BRICS gold-backed currency remains under discussion at the time of writing, with some analysts suggesting a potential 2026 timeline. Member nations are conducting pilot programs and checking how XRPL can fit into their long-term financial systems. The evidence doesn’t mean entire national systems have moved onto the public ledger yet – it points to preparation. Central banks within BRICS are examining the strengths of the XRP Ledger, running pilots, and assessing its compatibility with existing financial frameworks.

India’s stance on the matter has been more cautious. Speaking at an event in London in March 2025, India’s External Affairs Minister S. Jaishankar was clear about the fact that:

“I don’t think there’s any policy on our part to replace the dollar. The dollar as the reserve currency is the source of global economic stability, and right now what we want in the world is more economic stability, not less.”

“I don’t think there’s any policy on our part to replace the dollar. The dollar as the reserve currency is the source of global economic stability, and right now what we want in the world is more economic stability, not less.”

Future Implementation of BRICS Gold-Backed Currency XRP

The BRICS currency progress indicates that this isn’t some fringe theory anymore – official sources back it up with documented evidence across numerous significant policy documents. The new currency framework using XRP and gold backing has catalyzed a coordinated effort among multiple nations to reduce dependence on dollar-based payment networks involving several key strategic partnerships. BRICS has documented the XRP Ledger testing across multiple years of policy papers at the time of writing, and Russia and China support the foundation for this system as they expand gold reserves through various major accumulation initiatives.

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Also Read: BRICS Demands Chinese Yuan For Oil DealsThe big question now is whether BRICS nations will take the next bold step and integrate the XRP Ledger into their core financial systems fully across certain critical infrastructure layers. The repeated mentions in policy papers, the ongoing testing by central banks, and the expansion of gold reserves all point to serious intent involving multiple essential development phases. For China, locked in strategic competition with the United States, shaping a new and favorable global order extends beyond economics and encompasses numerous significant geopolitical objectives.

A multipolar financial system would reduce vulnerability to US economic pressures for BRICS countries, granting them greater freedom to pursue strategic goals across several key regional areas. The infrastructure is being built right now, the tests are being run, and the gold reserves are being accumulated for the BRICS gold-backed currency using XRP through various major institutional programs.