The BRICS currency, when created, will likely be a wholesale currency used within the mBridge system by central and commercial banks, possibly commodity-backed, serving as a bridge currency to facilitate trade and enable smaller countries to join mBridge. This will happen in the coming years as mBridge develops.
"it's likely that the bricks currency will be wholesale contained to the Enbridge system and used exclusively by the central banks and Commercial banks that are a part of that system notably its only purpose could be to ensure that nobody is left holding say billions of rupees that they don't need the idea that the bricks currency will be backed by a basket of Commodities starts to make a lot more sense when you look at it through the lens of being a bridge currency on embridge more importantly its creation will be a prerequisite for smaller countries with smaller currencies to join the embridge system"
