The whole de-dollarization narrative? Well, it’s not happening as fast as everyone thought it would. We’re actually seeing a massive surge in US dollar demand across global markets in 2025, and it’s catching a lot of people off guard. The stablecoin treasury demand has been exploding, and the crypto market impact is doing something nobody expected – it’s actually making the dollar stronger. This global de-dollarization trend that everyone was talking about? It seems that it’s hitting some pretty serious roadblocks.

Also Read: De-Dollarization Gains Momentum: 50+ Countries Abandon US Dollar Dominance

Stablecoins, Treasuries, And The Global Forces Fueling Dollar Demand

Stablecoin Revolution Drives Dollar Strength

Bank of America analysts have spearheaded research showing critics miss the bigger picture. They’ve established that “the world is dollarizing rapidly” through nonbank financial intermediaries across multiple essential sectors.

The stablecoin treasury demand that everyone thought would revolutionize and undermine the dollar? It’s catalyzing the opposite. At the time of writing, the stablecoin market has leveraged around $256 billion, with companies requiring massive US Treasury holdings. The crypto market impact has pioneered new pathways for US dollar demand rather than destroying them. This global de-dollarization trend was supposed to be accelerated by crypto, but instead it’s being restructured.

Senator Bill Hagerty stated:

“cement the dollar’s status as the world’s reserve currency”

Trump’s Strategy Backfires

Trump wanted to maximize dollar dominance with tariffs, but it’s backfiring across various major markets. After instituting 145% tariffs during “Liberation Day,” markets went crazy.

Deutsche Bank’s George Saravelos warned:

“We are witnessing a simultaneous collapse in the price of all US assets including equities, the dollar versus alternative reserve FX and the bond market. We are entering unchartered territory in the global financial system”

Even with chaos, stablecoin treasury demand kept accelerating, proving the crypto market impact is more resilient. The global de-dollarization trend couldn’t leverage this instability across several key areas.

Also Read: Currency News: Chinese Yuan Emerges as Top Threat to US Dollar Power

So the whole idea that de-dollarization would happen quickly? Well, it’s not working out that way. Stablecoin treasury demand has created new channels for dollar circulation, and the crypto market impact has been to strengthen rather than weaken the greenback’s position. Right now, the global de-dollarization trend is running into structural realities that ensure continued US dollar demand in international markets. Market participants are getting better at using multiple currencies strategically, but they’re not abandoning the dollar – they’re just getting smarter about when and how to use it.