The BRICS nations have introduced a gold-backed currency unit as a pilot project to reduce reliance on the U.S. dollar. Launched on October 31, 2025, each unit is pegged to 1 gram of gold, with reserves comprising 40% gold and 60% BRICS currencies. IRIAS issued 100 units and detailed the structure on Cardano on November 10. This initiative aims to facilitate cross-border settlements among BRICS members and selected countries. The project is designed to serve as a neutral tool for trade rather than replacing national currencies. As of September 2025, BRICS gold reserves increased by 129.7 tons, reaching a total of 145.1 tons, underscoring the bloc's commitment to strengthening its financial independence.