Is the decline of the U.S. dollar really happening? And if so, what are the assets that could replace it as a global reserve currency? Find out in our latest Cointelegraph Report!
De-dollarization, the decline of the United States dollar as the world’s dominant reserved currency, is underway, and it’s gaining momentum.
However, in the last 20 years, the dollar’s dominance in countries’ reserves has decreased from 70% to under 60%,This trend has been accelerating since last year, when the U.S. and its allies froze Russia’s dollar reserve as a response of the country’s invasion of Ukraine.
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