RBI urges BRICS to link CBDCs to cut costs and speed up cross-border payments. U.S ... If officials accept the recommendation, BRICS would discuss CBDC linkages for the first time on the summit agenda ... ....
India’s RBI wants BRICS to link CBDCs like the e-rupee and digital yuan by 2026, creating a shared rail for trade and tourism that bypasses dollar-based systems. The Reserve Bank of India has proposed a plan to interconnect the central ....
Two sources have reported that India has published a proposal for countries under the BRICS bloc to link their Central BankDigital Currencies (CBDCs) ...CBDC on Agenda as India Eyes BRICS 2026 Summit ... Trump Threatens to Punish BRICS Countries ... next ....
The proposal builds on existing CBDC pilots, including India’s e-rupee and China’s e-CNY, and seeks to reduce dependence on dollar-based rails ... CBDC development across BRICS is uneven but advanced.
In 2024, the Bank for International Settlements stepped back from mBridge, seeking to distance itself from sanctions-related speculation surrounding the platform ... .
TL;DR CBDCs, stablecoins, and tokenized deposits are not substitutes but complementary forms of digital money, each built for different users and incentives ... That view overlooks how financial systems actually evolve ... ....
A new crypto platform headed by China has emerged in the spotlight after hitting $55 billion in cross-border transactions ...Source. People’s Bank of China ... Before Trump took office for his second term in January 2025, CBDC development in the U.S ... ....