- BRICS launches gold-backed UNIT currency, XRP plays key role.
- XRP recognized as property, enabling faster global financial settlement.
- BRICS’ digital shift: Gold, silver, and XRP redefine global finance.
The global financial landscape is witnessing a dramatic shift. According to Stern Drew, BRICS, the coalition of emerging economies, is laying the groundwork for what many are calling a “reset” in the world of finance.
This reset, Drew asserts, isn’t something in the distant future; it’s happening right now. With the launch of their gold-backed UNIT currency, BRICS nations are not only diversifying their reserves but also positioning themselves to redefine the rules of global trade and finance.
BRICS countries, including Brazil and China, are amassing gold reserves in massive quantities. Brazil has added tonnes of gold, while China has been purchasing gold for 13 consecutive months. This new UNIT currency is backed by 40% gold and 60% a basket of BRICS currencies.
However, as Drew points out, while gold is a stable store of value, it’s still not mobile enough to meet the demands of modern-day financial transactions. Silver, though more liquid, still comes with weight limitations. This is where XRP and the XRP Ledger (XRPL) step in to play a critical role in transforming global finance.
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XRP and XRPL: The Bridge Between Gold and the Digital Future
The XRP Ledger (XRPL) has reportedly been tested by BRICS-aligned banks for cross-border liquidity and atomic settlement, with corridors like EUR-GBP, EUR-AED, and EUR-SGD. Drew explains that XRP was chosen because it settles transactions in seconds, not days, and offers scalability that traditional systems cannot match. More importantly, XRP’s neutrality allows it to function seamlessly within any financial system without bias.
One of the most crucial developments is India’s legal recognition of XRP as property. By officially designating XRP as transferable and enforceable under law, India has paved the way for XRP to be used as collateral in financial transactions.
As Drew highlights, property becomes collateral, collateral enables settlement, and settlement transforms into reserves. This chain reaction makes XRP the ideal neutral settlement layer for BRICS’ new financial system.
A Faster and More Efficient Financial System
BRICS isn’t seeking to replace the U.S. dollar or challenge its dominance; instead, they are looking to create a financial system that operates on a faster denominator. Gold provides stability, silver ensures liquidity, and XRP facilitates the rapid movement of assets. With the UNIT currency backed by gold and silver, XRP becomes the bridge that enables the quick, secure transfer of value across borders, addressing the needs of global trade.
As digital assets and commodities move on-chain, Drew argues that UNIT is set to become more than just a currency. It will evolve into programmable collateral, enabling a far more flexible and efficient financial system. Gold provides the store of value, silver maintains liquidity, and XRP clears transactions at the speed of digital finance.
A Quiet Reset, But a Powerful One
While the world watches BRICS stockpile gold, Drew suggests that the real strategy lies in the behind-the-scenes work happening within the digital space. BRICS is not just buying gold—they are strategically positioning themselves to usher in a digital financial revolution.
The reset won’t be announced in the form of a grand statement. Instead, it will happen quietly, as the transition to faster, digital settlement clears in just 3 to 5 seconds. With the continued adoption of blockchain and digital assets, the global financial system is set for an evolution.
Drew concludes that the implications of this shift will be felt across the world as countries begin to embrace faster, more efficient, and more transparent financial systems. BRICS is leading the charge, and the reset is already underway.
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