Recently, I’ve noticed a trend: the BRICS countries (Brazil, Russia, India, China, South Africa) have launched a so-called “Unit of Account,” essentially a settlement tool pegged to gold. The intention is straightforward—to reduce dependence on the US dollar system and build an independent financial channel.

But in practice, things haven’t gone smoothly. India has been quite reserved, explicitly opposing a unified currency plan and preferring to promote local currency settlements. The logic behind this is not hard to understand: no one wants to compromise on monetary sovereignty.

What does this mean for the crypto market? The wave of de-dollarization is accelerating, and the landscape of traditional safe-haven assets is being reshaped. Will digital assets seize the momentum? Assets like BTC, ETH, and SOL actually share some similarities with the logic behind the Unit in terms of “countering a single currency system” narrative.

Of course, the market response won’t be immediate. But this macro trend is worth watching—when more and more countries start looking for alternatives to the US dollar, decentralized digital assets may attract greater attention. The market movements over the next few months may provide clearer signals.