The international financial landscape is undergoing profound adjustments. According to the latest NS3 data, the US dollar's share of global reserves has fallen below 40% for the first time in history, marking an unprecedented challenge to the long-standing dollar-centered global monetary system. BRICS countries are becoming key drivers of de-dollarization.

Member countries like Russia and China are accelerating the de-dollarization process through multiple initiatives. On the payment front, these countries are increasing the proportion of bilateral trade settlements in their own currencies, reducing reliance on the US dollar in cross-border transactions. In terms of technological innovation, central banks are speeding up the development of digital currencies and exploring alternative payment systems based on blockchain and other distributed technologies to create a decentralized cross-border transaction system. These efforts aim to establish a more independent and flexible international settlement mechanism.

The de-dollarization process has raised concerns among Western policymakers. US politicians have responded strongly, even threatening to impose tariffs and sanctions on countries participating in de-dollarization efforts. However, this pressure has not halted the reform momentum—more and more emerging economies are joining the ranks of reshaping the international financial order.

It is foreseeable that the integration of innovations such as central bank digital currencies, local currency trade settlements, and blockchain payment networks will continue to drive profound changes in the international financial system. De-dollarization is not only transforming economic relations among major powers but also redefining the global financial landscape of the 21st century.