On March 14, according to the Brazilian media "O Globo" (O Globo) reported that Brazil plans to simplify the international financial transactions of import and export contracts between the member countries of the BRICS (BRICS) by using blockchain technology. This topic will become one of the priorities of Brazil's rotating presidency. Brazil's rotating presidency starts in January 2025 and lasts for one year. The proposal is different from the previous proposal to create a common currency of the BRICS countries. According to sources, the move is not aimed at creating a standard transaction currency for foreign trade that competes with the US dollar. The focus this time is on improving the efficiency of international transactions, which can be achieved through a technology that is closer to the immediacy and programmability of cryptocurrencies. Stablecoins are already widely used in informal settings.