"Multipolarity" assumes that regional platforms are unified. This is far from the case: BRICS represents an enormous difficulty caused by several competing national interests among its member states. For example, India and China are direct border adversaries and the new members have vastly different economic objectives from one another. China does not lead a group of subordinate countries through "soft power" rather, it seeks to take these platforms as tributary systems.
BRICS isn't any different than how the USDollar has been used. All the major countries use the USD to some extent. This is only an attempt to switch things over to BRICS usage.
Will the BRICS 'UNIT' really challenge the dollar?
https://asiatimes.com/2025/12/will-the-brics-unit-really-challenge-the-dollar/At a major summit in Russia last year, a banknote was unveiled that carried more symbolism than monetary value.
It hinted at the growing ambitions of BRICS+ – a group of emerging economies anchored by Brazil, Russia, India, China and South Africa – to develop alternatives to the existing global financial system.
The banknote itself, ringed with national flags and multilingual text, was dubbed an R5: acknowledging the ruble, real, rupee, renminbi and rand of the bloc's core members.
Now, there are moves to turn that symbolism into something more concrete. This December, speculation increased around plans for a new BRICS+ currency and payment system known as the UNIT.
Designed by the International Reserve and Investment Asset System, the UNIT is backed by a fixed reserve basket of 40% gold (by weight) and 60% in BRICS+ currencies. It would be delivered via a digital platform using transparent
blockchain technology....
