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The US dollar has become a very controversial currency to explore at the moment. With Donald Trump leaving no stone unturned to strengthen the US economy, his idea of imposing tariffs on nations is backfiring, sparking trade war narratives to gain momentum. With this development, the dollar is losing its credibility at a rapid pace, with countries busy scurrying for alternatives. Here are three able US dollar alternatives that have been gaining widespread momentum, detailing the US dollar authority on a global pedestal. Also Read: De-dollarization and the Digital Currency Battle: Why Gold-Backed Stablecoins Could Replace the USD 3 Leading US Dollar Contenders On The Rise 1. Cryptocurrencies Beating US Dollar Source: Watcher Guru The US dollar is now facing stiff competition as alternative assets like cryptocurrency are regularly gaining traction at a global pace. One of the prime examples of this is Russia’s increased usage of cryptocurrencies such as Bitcoin, Ethereum, and stable...

Chinese business travelers can now reportedly pay for flight tickets using China’s digital yuan CBDC (Central Bank Digital Currency). According to local news reports, the development has been made possible after a successful collaboration between the China Merchants Bank and the Civil Aviation Administration of China. According to the report, passengers can also use the platform to buy services using China’s digital Yuan CBDC . According to the report, Suzhou-based China Travel Service has already used the platform to buy tickets for its customers. Also Read: China Must Consider ‘Yuan-Backed Stablecoins’ Over CBDCs Furthermore, at the launch event, the Civil Aviation Administration and China Merchants Bank urged additional use cases for the CBDC. They stated that they will investigate other potential uses of China’s digital yuan within the civil aviation sector. Moreover, the People’s Bank of China (PBOC) has actively pushed for the use of CBDC ...