Trump Advances to Uproot the De-Dollarization Agenda

Donald Trump is putting all his energy and resources into uplifting the US economy. To prioritize the US economy and the US dollar, Trump is streamlining tariffs as one of the sure-shot ways to ensure America gains the best out of the lot. In this wake, Trump has imposed several tariffs on nations like Mexico and Canada, through which the president is looking forward to earning a credible amount of money. At the same time, another theory has come to the surface involving the use of cryptocurrency in streamlining the US dollar’s supremacy on the global radar. Is the phenomenon of de-dollarization truly getting cancelled? Let’s find out.

US Dollar Compromised

The US dollar’s stature has largely been compromised as nations continue to ditch the American currency at a rapid pace. The BRICS bloc, majorly responsible for spearheading the de-dollarization phenomenon, is still adamantly pushing for a multipolar currency order, stating how local currencies should be used in global trade. At the same time, the US dollar is also weakening its stance, as current geopolitical changes are putting significant stress on the American currency.

Deutsche Bank, in its latest post, stated how if the current US dollar spiral continues, the currency may end up losing its “reserve currency status.”

Said George Saravelos, the bank’s global head of FX strategy, in a note to clients.

To counter the USD’s lethal downward spiral, the US government might be considering stablecoins as one of the lucrative ways to ensure sustainable change in the currency dynamics.

Cryptocurrency and Trump: What’s Cooking?

For instance, Scott Bessent, US Treasury Secretary, recently stated how stablecoins may help preserve the US dollar’s dominance in the long run.

Bessent stated

U.S. Treasury Secretary Scott Bessent said that stablecoins will help preserve dollar dominance.

Ripple’s RLUSD is a regulated stablecoin

Former U.S. Treasurer Rosa Rios on Ripple’s board, along with its deep ties to governments officials & central banks.

This has been… pic.twitter.com/4ALfgV7wed

As adoption accelerates, predictions are surging that stablecoins will unlock trillions in revenue.

while everyone was talking about the crypto summit, something even more important just happened.

the US regulator (OCC) permitted banks to engage in several crypto activities, including:

1. crypto-asset custody

banks can now hold crypto on behalf of their clients. important,…