New BRICS trading platform set to shake up US dollar dominance

Jakarta, Pintu News – Russian Foreign Minister Sergey Lavrov announced that BRICS is in the process of launching an alternative trading platform. The alliance is accelerating the de-dollarization process by ruling out the US dollar in cross-border transactions. Lavrov emphasized, “The trend to create alternative platforms as well as payment and logistics mechanisms necessary for normal trade is underway.”

BRICS Alternative Trading Platform

This new trading platform initiated by BRICS has the potential to reform the global financial sector. By ruling out the US dollar as the main currency in cross-border payments, the platform offers an alternative for emerging economies to use their local currencies. This is a strategic move that can reduce dependence on the US dollar and strengthen local economies.

With this platform, developing countries have a greater chance to control the dynamics of global trade. This not only reduces US economic dominance, but also opens up opportunities for BRICS countries to play a more significant role in the world economy. Lavrov emphasized that this initiative is a response to the use of the US dollar as a political tool that can harm other countries.

Also Read: Why is Ethereum (ETH) an investment favorite right now? Here are the facts!

Criticism of US Policy

Lavrov also criticized US President Donald Trump who he said has accelerated the need for this alternative platform. According to Lavrov, Trump has stated that Biden’s actions regarding the dollar have caused great harm to the Americans and their position in the global financial system.

“Unfortunately, those in charge of finance in the Donald Trump administration have not yet drawn conclusions from their leader’s judgment,” Lavrov added. This criticism points to serious concerns over US economic policy that could undermine global confidence in the US dollar.

Lavrov reminded that Trump had promised to protect the dollar during his election campaign, but is now seen as destroying it. This shows how important it is for BRICS countries to find alternatives to the global financial system.

Potential Impact on Global Trade

If BRICS’ new trading platform is successfully launched, it could be a turning point in global trade history. Developing countries will probably start settling payments using their local currencies, which will significantly reduce the dominance of the US dollar. This will create a more multipolar environment in the global economy, where no one country or currency has a dominant influence. This change will not only affect the way countries transact, but also how they interact in global politics. By reducing dependence on the US dollar, these countries can reduce the economic risks associated with political tensions and sanctions from the US. This is a big step towards a more inclusive and diverse financial system.

Cover

The BRICS initiative to launch this alternative trading platform marks a new era in global economic diplomacy. By reducing dependence on the US dollar, the BRICS are not only enhancing their economic sovereignty, but also challenging the global financial status quo. It is a bold move that could change the world’s economic power map.

Also Read: Bitcoin Price Increase Prediction: Analyst Dave The Wave Reveals Potential Spike in September!

Follow us on Google News to get the latest information about the world of crypto and blockchain technology. Check today‘ s bitcoin price, today’s solana price, pepe coin and other crypto asset prices through Pintu Market.

Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Also, get a web trading experience with various advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Watcher Guru. BRICS in Process to Launch Alternative Trading Platform: Diplomat. Accessed on September 15, 2025