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The gold-backed BRICS currency unit project launched on October 31, 2025, as a pilot to reduce dollar reliance. Each unit is tied to 1 gram of gold, with 40% gold and 60% BRICS currencies in the reserve basket. IRIAS issued 100 units and announced the structure on Cardano on November 10. The project supports cross-border settlements among BRICS members and selected nations. As of September 2025, BRICS gold reserves rose by 129.7 tons to 145.1 tons. What is the goal? To offer a neutral tool for trade, not to replace national currencies.

According to BitJie, the gold-backed BRICS currency unit pilot project was launched on October 31, 2025, marking the first operational prototype to reduce global trade's reliance on the U.S. dollar. The system is backed by a reserve basket of 40% gold and 60% BRICS currencies, aiming to facilitate cross-border wholesale settlements among member states. The International Research Institute for Advanced Systems (IRIAS) issued 100 units, each tied to 1 gram of gold, and announced the structure on the Cardano blockchain on November 10, 2025. The BRICS currency is not intended to replace national currencies but to serve as a neutral settlement tool for member countries, including Brazil, Russia, India, China, and South Africa, as well as Egypt, Ethiopia, Indonesia, Iran, and the UAE. As of September 2025, BRICS nations' gold reserves increased by 129.7 tons to 145.1 tons, enhancing the economic foundation of the gold-backed system.Source:Show originalDisclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.