Is the world ready to ditch the US dollar? The BRICS alliance is gaining momentum, and the conversation around de-dollarization is intensifying. BRICS ready to work with all countries to ditch US dollar dependence, offering a potential alternative to the global financial system.

After BRICS, a new alliance has kick-started the de-dollarization process and is using local currencies for trade and not the US dollar. This shift is fueled by a growing desire for economic independence and a diversified global financial landscape.

Vietnam became the latest country to show interest in the BRICS de-dollarization agenda in 2025. Around 44 countries are interested in BRICS expansion, demonstrating the significant global appeal of this alternative economic vision. The BRICS alliance is convincing developing countries around the world to stop relying on the US dollar for trade.

Taking BRICS member Russia is pushing the de-dollarization initiative in Africa, urging nations to trade in local currencies and not the US dollar. Russia’s President Vladimir sees this as a key step towards a multipolar world. A handful of countries believe that BRICS has the power to usher the world into a new era of economic cooperation, one less reliant on the traditional dominance of the US dollar.

The move away from the US dollar is not without its challenges, but the increasing interest in BRICS and its de-dollarization agenda suggests a significant shift in the global economic landscape. The future of international trade and finance may look very different in the years to come.