2026-01-10 22:20:30

The global financial landscape is quietly changing. The BRICS countries have been pondering how to reduce dependence on the US dollar—through direct currency settlement for trade, establishing the UNIT gold-backed settlement system, and even planning a dedicated BRICS currency. It sounds quite radical, but what is the reality? The US dollar is still the parent. In global trade, the dollar accounts for 80%, and in foreign exchange reserves, over 58% are in dollars. So honestly, to completely shake the dollar's position? That would take a long time. This is also why the community has been discussing the necessity of DeFi and decentralized finance—because the existing system is too rigid.

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AirdropLicker

· 01-10 22:47

The US dollar, this iron-fisted ruler, is not something that can be overthrown just by saying so. --- BRICS Coin sounds appealing, but what about the 80% share sitting there? By the way, isn't that exactly why it needs to be on the chain? --- Wait, is UNIT gold-backed? This concept kind of feels like Bitcoin. --- Alright, the dollar is still the daddy, but once DeFi takes off, no one can control our wallets. --- The frustrating thing is that the existing system really traps people, no wonder so many are going all-in on crypto. --- It sounds good, but in the end, BRICS Coin still has to be pegged to the dollar. What's the point? --- That's just how reality is. The system is so rigid that people want to smash their keyboards; only decentralization can break through.

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FreeMinter

· 01-10 22:47

The US dollar is the real black hole, its pull is too strong --- Honestly, whether it's UNIT or BRICS coins, the reality is just talk on paper. The US dollar's iron gate is right there --- At this point, DeFi actually seems a bit more interesting, at least you don't have to look at the Federal Reserve's face --- BRICS want to break away from the US? Dream on, unless the whole world rebels together --- The current financial system is just an iron cage; no one can get out. No wonder on-chain assets are becoming more attractive

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MetaverseHomeless

· 01-10 22:44

The US dollar's dominant position won't change in the short term, no matter how fancy BRICS makes it. Right now, it's up to DeFi and crypto to break the deadlock; otherwise, we'll always be led around by the Federal Reserve. Wait... UNIT backed by gold? That's an interesting idea. Honestly, without on-chain infrastructure, all the multipolarity is just talk. The US dollar hegemony really depends on us building from the ground up.

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AirdropHustler

· 01-10 22:43

The dominance of the US dollar is not so easily shaken; even if BRICS keeps stirring, it's all in vain.

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SigmaBrain

· 01-10 22:43

The dominance of the US dollar still needs to last for decades, the BRICS dream is still just a dream --- UNIT sounds sophisticated, but without liquidity, how to use it? Ultimately, it's a systemic issue --- That's why I go all in DeFi; the traditional financial system is a dead system that must be shattered --- BRICS wants to oppose the US dollar, but they still need to hold US dollars themselves, it's so ironic --- Instead of waiting for BRICS to coordinate, it's better to start building on-chain finance now; that's the real way out --- An 80% US dollar share is the ceiling; unless the whole world opposes it together, but is that possible? --- DeFi is indeed the answer, but we have to wait until the on-chain ecosystem matures enough to handle global financial volume --- Frankly, countries are still timid; they talk about opposing the US dollar, but in reality, they are still throwing real money into US dollars

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NightAirdropper

· 01-10 22:28

The wall of the US dollar is indeed thick. UNIT sounds appealing, but it's still just talk on paper. --- The BRICS countries have good ideas, but the reality is right there... That's why we are more optimistic about DeFi. --- Wait, that 58% of US dollar foreign exchange reserves... This number sounds outrageous, can it really be challenged? --- To put it simply, without DeFi, no matter how much you tinker, it's still a zero-sum game. --- Gold-backed UNIT? Sounds like a return to the gold standard. Can this logic hold? --- So ultimately, it still depends on on-chain finance to truly break the monopoly. --- 80% of US dollar trading volume... Want to turn the tide? Probably just a dream. --- This article is just talking about how stubborn the existing system is. No wonder everyone is betting on crypto. --- I support the efforts of the BRICS, but to shake the US dollar within five years? Haha, that's unrealistic. --- DeFi is indeed the only way out; traditional financial systems can't be changed.

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