BRICS Introduces Gold-Backed UNIT Currency with XRP Integration

2025-12-11 18:21

BRICS has launched a new gold-backed currency called UNIT, designed to enhance cross-border liquidity and settlement in crypto markets. The currency is composed of 40% gold and 60% from a basket of BRICS currencies. XRP plays a crucial role in this financial reset by facilitating atomic settlement and liquidity. India has recognized XRP as property, allowing it to be used as collateral, which supports the new system's infrastructure. The UNIT currency aims to operate alongside the U.S. dollar, offering a faster and more stable financial alternative. This development comes as BRICS-aligned banks have successfully tested XRP for its efficiency in asset movement.

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