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A new trend is now gaining rapid momentum among the ASEAN nations. This new trend involves paying in local currencies during travel or vacations, an area where the US dollar once reigned supreme. Moreover, the travellers in ASEAN are now paying in Chinese Yuan, a new currency alternative, which is a stark USD competitor. With this new change in the traditional financial hierarchy, the US dollar is standing at the edge of change, with forces trying to uproot the US dollar for good. Also Read: Bank of America Warns US Dollar Is Summer’s Biggest Pain Trade ASEAN Says No To The US Dollar Source – Eye on Asia ASEAN nations have now started to document a new change in their financial regimes. This change involves increased usage of USD alternatives such as the Chinese yuan or other native ASEAN currencies to transact within the region. The reason for this rapid change can be attributed to the US dollar’s weakening global influence amid aggressive tariff threats and currency weapon...

The de-dollarization may face its eventual demise in the near future. There is no doubt that there has been a growing sentiment against the US dollar over the last few years. China and other developing nations have expressed a growing desire to use local currencies for mutual trade. While the dollar’s position has faced substantial barriers, replacing the greenback may not be a realistic future. In a recent report, Goldman Sachs has shed more light on the dollar’s supposed decline. US Dollar Dominance Declining, But Will Reign Supreme Source: Cloudfront According to Gurpreet Garewal, macro strategist at Goldman Sachs, US stocks have recovered from the tariff dip. US stocks not just reclaimed, but have gone higher than pre-tariff prices. The US dollar, on the other hand, does not follow the same pattern. Garewal highlights the growing sentiment that the dollar may be overvalued at the moment. The strategist believes this narrative is overstated. Garewal states, “ The do...

XRP coming after the dollar has become more than just a theoretical concept, and Black Swan Capitalist Versan AlJarrah‘s recent statement is making waves across financial markets right now. Ripple’s price forecast shows some interesting technical patterns forming while crypto market volatility continues to test investor patience, and yet institutional adoption of XRP as a strategic reserve asset has been accelerating at an unprecedented pace. Three major companies announced XRP treasury plans within just 24 hours, signaling growing confidence despite ongoing cryptocurrency regulatory risks that have been shaping the market. Source: Black Swan Capitalist Versan AlJarrah on X Also Read: Coinbase Launches 24/7 XRP & Solana Futures Trading June 13 Ripple Price Forecast And XRP’s Role Amid Regulatory Risks And Volatility Source: Watcher.Guru Corporate Giants Embrace The Post-Dollar Vision A large move toward XRP as a strategic reserve asset occurred when three big companie...

Right now, copper trading markets have fundamentally transformed as China and Russia spearheaded various major shifts away from traditional US dollar settlements. These nations have accelerated their adoption of yuan settlements across several key commodity transactions, revolutionizing how this critical industrial metal gets traded worldwide. Through numerous significant de-dollarization initiatives, copper yuan trade has emerged as a strategic battleground, and it’s reshaping multiple essential aspects of international commodity markets. Also Read: De-Dollarization: 9 Global Alliances Abandon US Dollar Yuan Settlements And US Dollar Trends Redefine Global Copper Markets Source: iStock Record Bilateral Trade Catalyzed Currency Revolution China-Russia trade has reached an unprecedented $244.8 billion in 2024, and here’s what makes this transformation remarkable. It seems that various major transactions totaling 95% are now being settled in yuan or rubles rather than dollars....

Countries around the world are actively seeking alternatives to the US dollar for international trade and reserves. This current trend has dramatically increased in 2025 as numerous countries are adopting different approaches to wean themselves off the American currency, reflecting a vital change in the world’s financial system since World War II. Also Read: Goldman Says China to Hit 4.6% Growth After 90-Day Tariff Pause De-Dollarization List of Countries: Key Reasons and Global Impact Source: Watcher Guru As of writing, major economies from Asia, Africa, South America, and even some parts of Europe are following their own footsteps in leaving the dollar hegemony behind. This movement is fundamentally altering global trade patterns and also putting into question the international monetary arrangement which has been around for almost eight decades. Complete List of Countries Leading De-Dollarization Efforts BRICS and Oil Producers BRICS nations lead the global de-dollarization movement ...

Amid the de-dollarization agenda kick-started by the BRICS alliance, leading American investor and billionaire Warren Buffett hinted at the recent Berkshire Hathaway 60th annual shareholder summit on Sunday, that his investment arm is considering taking entry positions in foreign currencies, and bluntly said that the US dollar could be going to “hell”. Also Read: 24 Countries Formally Apply To Join BRICS Alliance in 2025 Warren Buffett issued a warning on the stability of the US dollar, and his statements coincide with the BRICS agenda. “We would not really invest in a currency (US dollar) that is going to hell.” The billionaire added that “a currency’s value can be a scary thing,” especially when governments act without restraint. Also Read: Russia Provides Major Update on BRICS Currency Launch BRICS: Warren Buffett Questions US Dollar’s Future, Plans to Invest in Local Currencies Source: economictimes.com The ace investor criticized the US fiscal behavior calling it...

De-dollarization in 2025 is rapidly advancing as the global flow of capital is not flowing into the US economy. China and several other developing countries are offloading US bonds and treasuries and replacing them with gold. While China, Russia, Brazil, South Africa, and India were the usual preparators, European nation Poland has also joined the league. Just recently, Poland purchased 16 tonnes of gold to diversify its assets in the central bank reserves. The accumulation beat China in terms of volume for April making it the biggest purchase of the month. Also Read: De-Dollarization: EU at Risk of U.S. Financial Coercion, ECB Pushes Digital Euro In addition, Reuters reported that global funds through equities, bonds, and US Treasuries are declining as trade wars loom. A portion of global capital from institutional funds and retail investors is now moving toward other countries, currencies, and bonds. This is for the first time that demand for US financial assets is declining as de-do...

The US pressed sanctions on Russia in February 2022 after they invaded and waged war on their neighboring country Ukraine. The sanctions were aimed at stalling Russia’s growth and bringing its overall economy and GDP down. Russia teamed up with the BRICS alliance and the bloc kick-started the de-dollarization agenda to counter the US sanctions. Also Read: BRICS: China Officially Launches Plan to Promote Its Own Payment System The BRICS bloc rewrote trade deals allowing Russia to send and accept local currencies for trade and cross-border transactions. China, India, and Saudi Arabia made use of the US sanctions and procured Russian oil and discounted prices. Saudi Arabia even brought Russian crude oil for a concession and laundered it all over Europe earning bigger profits. BRICS member India even saved $7 billion in foreign exchange by buying Russia’s crude oil at cheaper prices due to the sanctions. Therefore, the BRICS bloc mostly benefitted from the US sanctions saving an...

Donald Trump has assumed the White House duties as the 47th US president, ushering in an era of complete policy changes. Trump is adamant about imposing tariffs on nations to strengthen the US economy. While his intent is solely focused on bolstering the US economic infrastructure, his idea of imposing tariffs on nations is gaining widespread notoriety, with the de-dollarization hype gaining traction in the midst of it all. While the US dollar still stands as a primary transacting currency, can the dollar ever be replaced? If yes, then which currencies have the power to be the global superpower? Let’s find out. Also Read: Nvidia Stock: ‘Golden Opportunity’ for Top Investors Ahead of NVDA Earnings Report The Concept of De-Dollarization to Gain Momentum Again? Image Source: Watcher Guru Donald Trump is once again grabbing the central spotlight due to the spree of tariffs that he wishes to levy on certain nations. As per Reuters, Trump is planning to impose a 10% levy on Canadian cru...