The BRICS alliance, consisting of Brazil, Russia, India, China, and South Africa, has agreed to reduce its reliance on the US dollar.
Experts suggest that XRP, the digital asset associated with Ripple Labs Inc., could be a leading candidate for the BRICS if they decide to implement a digital currency as their payment system.
XRP is known for its fast and low-cost international payments, making it suitable for streamlining transactions between member countries' diverse currencies.
Other international organizations, such as the Commonwealth of Independent States (CIS), are also working towards reducing their dependency on the US dollar.