• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

BRICS Expansion: Over 20 Countries Have Applied for Membership

user avatar

by Giorgi Kostiuk

3 months ago


BRICS, long considered an attractive alliance for emerging economies, is witnessing a wave of official applications from over 20 countries seeking membership by 2025. This could shift the balance of power on the global stage.

A New Wave of Interest in BRICS

BRICS is gaining increasing interest from emerging economies wishing to break away from Western-dominated financial structures. Twenty-three countries have applied for membership, including Azerbaijan, Bahrain, Bangladesh, Burkina Faso, Cambodia, Chad, Colombia, Republic of the Congo, Equatorial Guinea, Honduras, Laos, Kuwait, Morocco, Myanmar, Nicaragua, Pakistan, Palestine, Senegal, South Sudan, Sri Lanka, Syria, Venezuela, and Zimbabwe. These nations aim to reduce their dependence on the US dollar and strengthen their financial sovereignty.

Global Geopolitical Reassessment

The expansion of BRICS could significantly alter global economic and political balances. The bloc currently represents nearly 40% of the world population and a substantial share of global GDP. The prospect of creating a common currency to reduce dependence on the US dollar and facilitate intra-bloc transactions is being discussed.

Potential Challenges and Opportunities

BRICS's ambitions come with challenges such as the diverse economic profiles of candidates, which could complicate the implementation of common strategies. Geopolitical disputes among members could hinder the bloc's cohesion. However, the expansion offers opportunities for more equitable distribution of economic power among nations.

With 23 countries aiming to join the alliance, BRICS reinforces its position as a major player in global economic transformations. If these memberships succeed in 2025, it will mark a significant step toward a multipolar world with more equitable distribution of economic decision-making.

0

Share

Other news

BYDFi 5th Anniversary: Innovation and Web3 in Focus

BYDFi celebrates its 5th anniversary: history of growth and Web3 adoption.

user avatarGiorgi Kostiuk

9 minutes ago

Ethereum Price May Drop Due to Weak Stock Market

Analyst Benjamin Cowen predicts Ethereum's price may decline owing to stock market weakness and macroeconomic factors.

user avatarGiorgi Kostiuk

9 minutes ago

Trump's Tariffs Shake Crypto and Global Markets

Trump's tariffs caused a sharp drop in crypto and global markets: Fear Index plummets to 25.

user avatarGiorgi Kostiuk

10 minutes ago

Qubetics Cryptocurrency: Interoperability and Growth Potential

Qubetics offers unique blockchain interoperability and promises high growth potential.

user avatarGiorgi Kostiuk

10 minutes ago

Cryptocurrencies in National Reserve: US Initiative

Donald Trump's announcement of a US crypto reserve including Bitcoin and Ethereum sparks a global discussion on digital assets.

user avatarGiorgi Kostiuk

11 minutes ago

XRP Price Update: Preparing for a Downturn?

XRP holds near the $2 level; market analysis shows potential shifts in the crypto market.

user avatarGiorgi Kostiuk

17 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.