Morgan Stanley: Bitcoin, CBDCs could drive 'de-dollarization

Ritu13

Morgan Stanley, in a report titled "Digital (De)Dollarization," suggests that the rise of Central Bank Digital Currencies (CBDCs) along with digital assets like Bitcoin and stablecoins has the potential to lead the world towards "de-dollarization," possibly disrupting the long-standing dominance of the U.S. dollar in the global economy.

The report contends that these emerging technologies offer more efficient, transparent, and convenient financial solutions. In the future, CBDCs and other private digital currencies could become viable alternatives to traditional cash and fiat currencies, potentially reducing reliance on the traditional banking system and the U.S. dollar in international transactions and reserves.

Yamini003

I feel that this is unlikely to happen.

Sona59

The U.S. dollar is definitely irreplaceable.

Samiksha

I don't know if de-dollarization is possible.

Iravan774

With or without them, the world is inclined to de-dollarize.