According to CoinMeta, in BRICS, only 35% of trade is settled in US dollars, with the remaining 65% being conducted in local currencies. Since 2022, the BRICS alliance has actively promoted de-dollarization, starting to use its own currency for settlements. This measure helps to strengthen the GDP of each country and reduces the import and export transaction costs for businesses. Trade between China and Russia is mainly settled in local currencies, and India also partially uses the rupee, ruble, and dirham for payments. In addition, due to US sanctions, Iran has begun to use the Chinese yuan for settlements. This strategic shift has enabled BRICS countries to reduce their dependence on the US dollar and focus on using local currencies.