Despite Donald Trump’s threats against countries that turn their backs on the dollar, the BRICS do not back down.

Russia places digital assets at the heart of BRICS independence

Despite Donald Trump's threats against countries that turn their backs on the dollar, the BRICS are not backing down. Their strategy is intensifying. True to gold, they are now also taking the turn towards cryptocurrencies and digital assets. Their objective is clear: to expand payment tools to strengthen their economic independence from the United States.

An autonomous financial architecture for the BRICS, free from Western structures

"The priority is to build an autonomous financial architecture for the BRICS, free from Western structures," stated Anton Siluanov, the Russian Finance Minister. His goal is to reduce dependence on the SWIFT system.

For commercial activity to flourish within the BRICS, we need an independent system, which will be largely based on national currencies and also includes digital instruments.

He proposes a solution based on national currencies and digital assets, a movement supported by the ambitions of the BRICS.

"We must create a cross-border payment network that bypasses the barriers imposed by the West. This infrastructure must allow for strengthening exchanges among the bloc members. Bitcoin or other digital assets could contribute to this transformation, but in a form adapted to their sovereign standards," added Siluanov.

His words are part of a common project. The BRICS, grouping emerging powers, want to free themselves from a finance dominated by the dollar. The idea of a decentralized or multi-currency exchange system then becomes central. Especially since sanctions against Moscow have accelerated this awareness.

Why continue to play by the rules of a system controlled by its adversaries?

Bitcoin and cryptos: Russia advances cautiously but strategically

On bitcoin and cryptocurrencies, Russia advances with caution but determination. After years of mistrust, Moscow is adapting its stance. Since 2024, several signals betray a targeted openness towards these instruments.

The Russian state has recognized the interest in using certain digital assets for international settlements. A regulatory framework is emerging. It targets cross-border transactions in digital assets. The objective? To create alternative payment corridors to Western banks.

Another key initiative: the experimentation with a digital gold system. By combining the stability of the yellow metal with the speed of digital technologies, Russia seeks to develop a transaction tool off the radar of the United States.

A Russian deputy asserts that these assets "could replace fiat currencies in certain exchanges". These remarks illustrate a profound change in the perception of cryptos, now seen as a geopolitical lever.

And as a tweet widely circulated indicates:

"Russia has understood that to exist outside the dollar, one must create its own rails. Hence this subtle combination of Bitcoin, gold, and regulatory innovations."

But can this hybrid strategy really extend to all BRICS partners? Can Trump really stop dollarization?

Can the BRICS resist American pressure?

Faced with this dynamic, Donald Trump’s reaction is predictable: threats, sanctions, accusations of economic sabotage. He declared that he wants to sanction “any country turning its back on the dollar”. Yet, the BRICS continue on their path.

Their strength lies in their diversity. Russia bets on digital gold, China develops its digital yuan, India experiments with central bank currencies. Together, they are building a parallel ecosystem.

But the question remains open: can this diversity of approaches form a united front? And above all, can American hegemony really be contested without causing major diplomatic frictions? Can Trump really stop dedollarization?

Some analysts argue that the United States has lost its monetary monopoly since Saudi Arabia itself is diversifying its payments. Others remind that as long as the dollar remains the dominant currency in global exchanges, any attempt at dedollarization remains fragile.

However, a trend is taking root. The BRICS are no longer seeking permission from Washington. They are each building a credible alternative at their own pace. And in this construction, digital assets, whether crypto or gold-backed stablecoins, play an increasingly important role.

The BRICS want to free themselves from the dollar

So, can Trump really stop this dynamic?

The bet of the BRICS on gold seems to be paying off. The yellow metal is touching historical records, reinforcing a discreet but effective strategy. Coupled with the growing use of digital assets, this shift could well reshape the global monetary order.