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De-dollarization threats may be exaggerated, but Standard Chartered warns the United States dollar faces a 65% probability of decline over the next 12 months. The bank’s Analysis suggests that de-dollarization concerns are overblown, yet predicts potential dollar weakness of 1-10% through mid-2026, with currency substitution and cryptocurrency adoption contributing to shifting global monetary dynamics right now. US current account and foreign debt purchases chart – Source: JP Morgan Analysis Also Read: De-Dollarization: Wall Street Dumps $59B as FMAS:25 & Russia Act How De-Dollarization, Currency Substitution, And Crypto Impact The Dollar’s Future Standard Chartered bank headquarters – Source: Wikipedia Standard Chartered’s De-Dollarization Assessment Standard Chartered’s research dismisses extreme de-dollarization scenarios while also acknowledging real pressures on dollar dominance at the time of writing. The bank stated: Global reserve currency c...

The multinational Standard Chartered Bank has officially begun offering Bitcoin and other crypto custodial services to the United Arab Emirates (UAE). The services officially began on Tuesday, according to a press release. Moreover, the offering will be provided through Brevan Howard Digital, a crypto division of the hedge fund, as its very first client. The bank was approved by the Dubai Financial Services Authority to offer custody services. Indeed, it is another example of the UAE’s position at the forefront of crypto regulation. The institution noted that the offering debuts following a memorandum of understanding (MoU) signed in May of last year. Source: Reuters Also Read: Standard Chartered, JPMorgan Blockchain Payment Firm Raises $60M Standard Chartered Bank Launches Crypto Custody Offering in UAE The last several years have seen crypto regulation on a global scale evolve. Nations have sought to develop the ways in which they govern the growing sector. During that process, ...