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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...

BRICS members Russia and Iran want to abandon the Western-dominated payment messaging system SWIFT. The two countries aim to launch a new payment system as an alternative to the SWIFT mechanism. The sanctioned nations are working towards the formation of a new payment system that will completely get rid of the US dollar for cross-border trade and transactions. Also Read: BRICS: India Most Likely Getting Rid of the US Dollar Read here to know how many sectors in the US will be affected if BRICS ditches the dollar for trade. SWIFT is controlled by the US making BRICS and other developing countries use the messaging system for financial transactions. The US dollar, Euro, and Pound are the most used currency for settlements around the world. Ending reliance on SWIFT will strengthen local currencies and become the de facto currency for trade. Also Read: BRICS: Russia & Myanmar to Trade In Local Currency, Ditch US Dollar BRICS: Russia & Iran Ready To Ditch SWIFT After Launching New P...

Major financial giants back stablecoin adoption. Visa and PayPal leaders voiced strong support at DC Fintech Week, stressing how stablecoins can change global payments. At the same event, Chainlink and Swift shared news of their blockchain breakthrough. Also Read: Michael Saylor’s Bold U-Turn: Embracing Self-Custody Amid Backlash How Visa and PayPal’s Stablecoin Adoption is Driving Crypto Milestones with Chainlink and Swift Major Financial Players Push for Integration Two key figures supported stablecoins. Visa’s crypto head, Cuy Sheffield, and PayPal VP Jose Fernandez da Ponte spoke about new uses beyond trading. They plan to cut costs and speed up global transfers. Both companies will soon add more stablecoin Features to their services, promoting stablecoin adoption in everyday transactions. Swift and Chainlink Break New Ground “The collaboration between Chainlink and SWIFT is a landmark achievement that underscores the potential of blockchain technology to revoluti...