Sep 20, 2026
India is advocating for linking central bank digital currencies across BRICS nations for cross-border payments at the September 12-13 summit in New Delhi, while explicitly rejecting proposals for a common BRICS currency or unified payment network. The approach favors bilateral digital currency settlements and local currency trade.
BRICS nations are discussing linking their central bank digital currencies and fast payment systems to reduce cross-border transaction costs, according to Reserve Bank of India Governor Sanjay Malhotra.
French Finance Minister publicly supports euro-pegged stablecoin initiatives under MiCA framework and urges European banks to expand euro stablecoins and tokenized deposits as dollar-pegged supply exceeds $300 billion.