The decade-long de-dollarization drives have always been a key highlight of the global political demographics. With BRICS and ASEAN fueling the aforementioned narrative, the world has often noted de-dollarization outcries, with the US dollar struggling to hit a new high. The momentum has now changed. With Trump ascending to the US political throne, the US dollar is now stronger than ever, crushing competitor currencies unlike anything else, giving rise to a new phenomenon dubbed anti-de: dollarization.
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Anti De-dollarization: A New Wave Emerges
So far, we’ve often noted global outcries compelling nations to ditch the US dollar. The US dollar has been touted as a great tool of “weaponization,” capable of disorienting regimes by slapping new sanctions on a myriad of nations. This development has toppled the US dollar to new lows, with nations contemplating alternate plans to seek refuge in other currencies.
However, with Trump ascending to the political throne in January 2025, the US dollar is banking on a new surge. This surge has primarily been driven by Trump’s pro-dollar stance. The current president-elect is hell-bent on fueling the USD demand and has already issued a stark warning to BRICS to ditch ways that have been negatively impacting the US dollar.
In addition to this, the pro-USD outcries are now louder than ever, with the DXY index hitting new highs, potentially aiming for 111 and beyond. This signals the anti-de-dollarization era is here, and the dollar-ditching practices are slowly becoming obsolete in the long haul.
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Major Venture Capital Firm Predicts New Era For The American Currency
In a new statement, leading hedge fund and major venture capital firm Pantera Capital has shared how a new era for the US dollar is already in the queue for it to bank on. The firm stated how 2025 will be the year of the US dollar, with blockchain and cryptocurrency playing a pivotal role in bolstering the USD.
The firm shared how blockchain and tokenization could help the US dollar’s dominance by facilitating the supply of USD-backed stablecoins. This could renew the US dollar demand in the market, merging Trump’s pro-crypto ambitions with the dollar resurgence.
“We believe a reversal of this trend is imminent. Driven ironically by what most U.S. policymakers and central bankers would have viewed five years ago. As an accelerant of the dollar’s decline. Blockchain technology and tokenization. What was once perceived as a potential disruptor to the dollar’s status is now positioning itself as its greatest enabler.”
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