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Nalezeno "US dollar’s dominance": 15

Checkmate: How Adopting a BRICS Payment System Might Erode the Dollar’s Dominance in Trade Markets

14.4.2025
Several international analysts examined how the introduction of a BRICS international payment system might affect the current use of the U.S. dollar in trade. Experts cited sanctions evasion, cost reduction, and transaction confidentiality as the main advantages of this system compared...

US Lawmaker: Stablecoins Key to Strengthening Dollar’s Dominance

12.3.2025
A U.S. congressman stressed that a well-regulated stablecoin market is essential for maintaining the dollar’s global dominance, modernizing payments, and expanding financial access without government overreach. Lawmakers Debate Stablecoin Role in Securing US Dollar’s Future House Financial Services...

Morgan Stanley Sounds Alarm on US Dollar’s Dominance — Says Crypto Could Significantly Alter Currency Landscape

22.1.2024
Morgan Stanley has warned about the risk of the U.S. dollar losing its dominance, fueled by growing interest in digital assets, including bitcoin. Emphasizing that the U.S. dollar’s dominance “is being increasingly scrutinized,” the investment bank stated: “A clear shift towards reducing...

US Dollar Dominance in Global Payments Strengthens, SWIFT Data Shows

27.8.2023
The U.S. dollar’s dominance in global payments has strengthened, according to data compiled by global financial messaging service SWIFT. The share of SWIFT FX transactions involving the U.S. dollar rose to a record 46% in July. In addition, the share of the transactions involving the Chinese yuan...

UBS Expects US Dollar Dominance to Persist for ‘Years to Come’

10.8.2023
Swiss investment banking giant UBS expects the U.S. dollar’s reign to live on. “We firmly believe we will be living in a U.S. dollar-centric world for years to come,” the bank’s executive said, adding that there will be some room for competitors. UBS on US Dollar’s Dominance...

Treasury Secretary Yellen: BRICS Currency Won’t Threaten US Dollar Dominance

10.7.2023
U.S. Treasury Secretary Janet Yellen has stated that she does not see the U.S. dollar’s dominance being threatened by any development, including the proposed BRICS currency. Yellen stressed that all the data of which she is aware shows that the dollar is overwhelmingly used in international...

Chinese Yuan, Euro, Digital Currencies Challenge US Dollar Dominance, TD Economist Says

7.6.2023
A senior economist at financial services firm TD says the Chinese yuan, the euro, and digital currencies could erode the U.S. dollar’s dominance. “Several countries have shown frustration with the dominance of the dollar and are pursuing alternatives for conducting international trade...

BRICS Leaders Set to Discuss Common Currency to Challenge US Dollar Dominance in Upcoming Summit

11.5.2023
The BRICS nations are set to discuss the feasibility of a common currency at the upcoming leaders’ summit. “It’s a matter we must discuss and discuss properly,” a South African minister stressed, noting that a growing number of countries are saying: “Why can’t we trade in our own currencies?...

Bank of America: Threats to US Dollar’s Dominance Largely Domestic — Not BRICS Currency or Chinese Yuan

9.5.2023
Bank of America has warned that the key threats to the U.S. dollar’s dominance are largely domestic, as opposed to competition from other currencies, including a BRICS currency. “U.S. fiscal brinkmanship, with risks for government shutdown, or even worse a default, keeps coming up during debt...

Economist Predicts Shift to Tripolar Reserve Currency World — Yuan, Euro to Disrupt US Dollar’s Dominance

30.4.2023
Economist Stephen Jen, a former Morgan Stanley managing director, expects a shift “from a unipolar reserve currency world to a multipolar world,” with the Chinese yuan, the euro, and the U.S. dollar forming a “tripolar” reserve currency configuration. ‘A Multipolar World’ Economist...

BRICS Currency Will Erode US Dollar’s Dominance, Former White House Economist Warns

27.4.2023
Former White House economist Joseph Sullivan has warned that a BRICS currency would erode the U.S. dollar’s dominance. If member nations use only a common BRICS currency for international trade, “they would remove an impediment that now thwarts their efforts to escape dollar hegemony,”...

BRICS De-Dollarization Push, China, and Crypto Threaten US Dollar’s Dominance: Analyst

19.4.2023
Fitch Solutions’ global head of country risk has named the rising adoption of cryptocurrencies, the de-dollarization efforts by the BRICS countries, and China’s rising “economic might” as key factors that erode the U.S. dollar’s dominance over time. He cautioned that...