BRICSCOIN: A trade settlement currency with no peg, no interest — and a diamond inside

BRICS countries have been looking for a way to settle trade with one another without routing every transaction through the dollar. BRICSCOIN is one concrete answer: a settlement instrument — not a national currency, not a peg to gold, and not a digital token — that central banks would use only to clear trade balances with each other. Part physical, part digital, and issued only by unanimous consent of BRICS central banks — neither a paper currency nor a purely digital one.

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