The BRICS countries' gold-backed unit of currency will launch a pilot on October 31, 2025. The currency consists of 40% physical gold reserves and 60% member country currencies, aiming to create a tool for international trade settlement. Each unit contains 40 grams of gold and fractional shares of five member country currencies, custodized on the mBridge ledger. The project aims to reduce dependence on the US dollar and mitigate sanctions risk. Currently, 100 units have been issued. However, BRICS officials clarified that this is a cautious alternative rather than a complete replacement for the US dollar, and it is intended for institutional use only, not for consumer transactions.