According to Caixin, as the rotating chair of the BRICS countries, the Reserve Bank of India has officially proposed to promote the establishment of a "BRICS Digital Currency Interconnection" system, aiming to use blockchain technology to build a cross-border settlement network that bypasses the US dollar and directly connects the payment systems of BRICS countries. The plan is not to issue a new "BRICS coin," but rather a practical interconnection platform/settlement bridge, possibly based on a permissioned blockchain (consortium chain) architecture, with central banks of each country jointly serving as validation nodes to maintain the distributed ledger, balancing sovereignty control while improving cross-border settlement efficiency and transparency.