Escobar: How The BRICS+ ‘Unit’ Can Revolutionize Global Trade

Authored by Pepe Escobar, The Unit project, first revealed by Sputnik in 2024, is emerging as the most viable option for breaking the US dollar’s stranglehold on global trade and investment. In his book co-written with economist Sergey Bodrunov, Glazyev stresses the need to switch to national currencies in mutual trade within the EAEU, CIS, BRICS, and SCO, creating independent payment systems. The Unit is a benchmark token, decentralized, with intrinsic value in gold and sovereign currencies. It promises efficiency in cross-border trade and investments, supporting diversification pursued by BRICS+. It’s academically validated and will launch on the Cardano blockchain next year. The Unit is a digital monetary tool, not a cryptocurrency or stablecoin, providing stability and protection against inflation in the global south. The unique mix of gold and BRICS+ currencies assures reliability. It offers a bridge between traditional finance and decentralized ecosystems, promoting full adoption by the Global South. The Unit removes dependency on other nations’ currencies, providing a new form of non-censored money. It may evolve into a digital cash solution for emerging economies, impacting cross-border payments positively.