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.

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US Dollar Compromised

U.S. Dollar burn crash fall dip
Source: Twitter / @CRYPTO_TAG

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.”

“We do not write this lightly. But the speed and scale of global shifts are so rapid that this needs to be acknowledged as a possibility. It is hard to overestimate the scale of change taking place in global economic. And geopolitical relations in a matter of days.” 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.

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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.

“As President Trump has directed, we are going to keep the U.S. the dominant reserve currency in the world. And we will use stablecoins to do that.” Bessent stated

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

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  • De-dollarization
  • Donald Trump
  • Stablecoins
  • Trump Tariffs
  • US DOLLAR
  • US Markets