Concept of International Trade Based on a Single Digital Currency within BRICS

DOI: 10.33917/es-4.202.2025.60-69

Creation of a digital international trading platform aimed at efficient settlements between companies of the BRICS countries is a key stage in developing the global economic interaction. The new BRICS Development Bank, being the holder of its own blockchain technology, becomes the central institution of this innovation era, ensuring transparency and ef ficiency in international settlements. The blockchain-based crypto wallet system provides security and efficiency for the BRICS companies conducting trade operations with foreign counterparties. The platform offers a unique settlement mechanism in BRICSCoin, backed up by strict regulatory and audit measures to ensure compliance with financial securit y standards. This initiative not only facilitates efficient international settlements, but also sets up a new standard for secure and innovative trading practices in the global economy.