2 Stealthy Ways Nations Are Dumping the US Dollar (And Why It Matters in 2025)

The greenback's iron grip is slipping—and no one's announcing it on CNBC. Here's how countries are ghosting the dollar without triggering a market panic.

1. The Bilateral Trade Bypass

Forget SWIFT. Rival economies now cut direct deals in yuan, rupees, or even gold-backed cryptos. Petrobras just settled a Chinese oil trade in digital yuan—while India and Russia trade missiles for rupees. The dollar? Not invited.

2. The CBDC Silent Siege

Over 130 central banks are testing digital currencies as we speak. China's e-CNY already handles $250B in transactions. These aren't upgrades—they're dollar-killing pipelines built under Bretton Woods' nose.

Wall Street still thinks this is 'experimental.' Tell that to the 30% of Moscow's energy trades now settled in yuan. The dollar won't die with a bang—but with a thousand blockchain transactions.

*Bonus jab: Meanwhile, the Fed's still debating whether stablecoins need regulation. Speed matters when you're losing reserve currency status.*

Two Ways Countries Are Dumping the US Dollar

1. Accelerated Local Currency Usage

The world is now shifting towards the local currency narrative, embracing the multipolar currency order in its complete sense. The world has now become brazen and has started to speak outright about the dollar and how the currency’s constant weaponization has started to impact global economies.

,as shared by Investopedia.

In addition to this, Trump’s tariff ordeal has further accelerated de-dollarization, sparking a pivot towards other local currencies.

said Francesco Pesole, FX strategist at ING.

2. A Counter Currency System: BRICS Pay

Another leading change that has lately been challenging the US dollar hegemony is the launch of BRICS Pay, which is reportedly underway. BRICS Pay is spearheaded by BRICS, a 10-member bloc, including power-packed economies such as Russia, India, and Brazil. The bloc has been working tirelessly towards launching a local currency system. It WOULD be one that encourages conducting trade within the bloc using local currencies. This development is also leading the growing economies to reduce their USD reliance, which again is hammering the currency from all possible sides.

So, what is BRICS’ strategy to escape from this American trap? It’s three-fold:

1. Create a BRICS Pay system that allows member countries to trade with one another in local currencies

2. Expand the role of the New Development Bank (NDB) – or the BRICS Bank, as it is fondly… pic.twitter.com/4ag7OmothD