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CATEGORY: global reserve currency

Stablecoin survival: Navigating the future amid global de-dollarization
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
May 19, 2023 02:10

Stablecoin survival: Navigating the future amid global de-dollarization

It is an empirical fact that the United States dollar is continuing to lose its dominant role as the global reserve currency, but what might happen to the stablecoin market should it be superseded? According to data from the International Monetary Fund, the U.S. dollar now accounts for just over 58% of global foreign exchange [...]

The post Stablecoin survival: Navigating the future amid global de-dollarization appeared first on Crypto Breaking News.

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Brazil’s President Lula Urges Developing Countries to Abandon Dollar as Global Reserve Currency
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Apr 13, 2023 10:30

Brazil’s President Lula Urges Developing Countries to Abandon Dollar as Global Reserve Currency

According to Brazil’s president Luiz Inácio Lula da Silva, developing countries should abandon the U.S. dollar and strengthen their own national currencies. During a speech at the New Development Bank in Shanghai, Lula expressed his nightly pondering: “Why do all countries have to base their trade on the dollar?” Brazil’s President Wants to Reduce the [...]

The post Brazil’s President Lula Urges Developing Countries to Abandon Dollar as Global Reserve Currency appeared first on Crypto Breaking News.

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Roubini: We’re Shifting to ‘Bipolar’ Global Reserve Currency System With Chinese Yuan as Alternative to US Dollar
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Apr 12, 2023 05:50

Roubini: We’re Shifting to ‘Bipolar’ Global Reserve Currency System With Chinese Yuan as Alternative to US Dollar

Economist Nouriel Roubini, also known as “Dr. Doom,” predicts that the global reserve currency system will shift from unipolar to bipolar. He expects most countries that attempt to reduce their reliance on the U.S. dollar to propose the Chinese yuan as an alternative to the USD. Roubini on U.S. Dollar and Chinese Yuan as Global [...]

The post Roubini: We’re Shifting to ‘Bipolar’ Global Reserve Currency System With Chinese Yuan as Alternative to US Dollar appeared first on Crypto Breaking News.

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