The de-dollarization trend appears to be far from global: The US Dollar’s proportion of official global FX reserves is down to 57%, its lowest in at least 30 years. This percentage has declined -20 points since 1999, with China and, to a lesser extent, Russia driving much of the decline. Over the same period, the combined proportion of the 4 major reserve currencies, the US Dollar, Yen, Euro and Pound, has fallen -12 percentage points, to ~87%, also its lowest in at least 30 years. Meanwhile, roughly equal numbers of countries increased and decreased their US Dollar reserves between 2015 and 2023. Therefore, the decline is heavily concentrated among a small number of reserve holders, suggesting the US Dollar's position in most reserve portfolios remains relatively stable. The threat to the US Dollar’s reserve currency status appears limited.

Good reminder in the light of continued De-dollarization, US Treasury actions and yields. People always talk about a million things about XRP and the XRP Ledger but miss the most important aspects of them. XRP is a hard asset. It's money. The XRP Ledger is permissionless and decentralized. It's are public good to allow you to move real money in a censorship resistant way. Those properties are gaining in value.

Saudi Arabia’s sudden exit from Project mBridge—the Beijing-led digital currency initiative aimed at de-dollarization—marks a significant pivot in global geopolitics. By stepping away from China’s alternative cross-border payment system, Riyadh has effectively reaffirmed its reliance on the U.S. dollar and the traditional petrodollar architecture. This strategic retreat highlights the limits of Saudi Arabia's diplomatic pivot to Beijing. Faced with escalating regional security threats from Houthi forces and China's evident reluctance to intervene militarily, the Kingdom has had to prioritize its immediate defense needs over its long-term financial diversification. Amid reports that Houthi rebels are utilizing Chinese-manufactured missile technology, Riyadh's short-lived financial experiment with Beijing has hit a wall. Ultimately, when survival is on the line, Saudi Arabia has recognized that its ultimate security guarantee still rests firmly with Washington.

US 10y Term Premium (blue, RS) v. Chinese 10y CGB yield (red, LS), 2011-present. Huge divergence with major implications. Start here: "If there is no de-dollarization going on & China's economy is in deflation (both consensus views), why are US 10y Term Premiums...RISING?" 🤔

It's ridiculous to claim that Treasury yields aren't rising due to increased inflation expectations, a loss of confidence in U.S. fiscal policy, declining Fed credibility and questions over its independence, or de-dollarization, as those are the most obvious reasons for the rise.

The dollar is not king because it is sound money. There is no alternative. FX turnover 89.2%. Reserves 57.1%. Payments 51%. Foreign-currency bonds 62.9%. The renminbi? 2% of reserves and a closed capital account. De-dollarization is a narrative, not a number

The U.S. debt problem might already be mathematically unfixable. Matthew Piepenburg argues the Fed literally can't fight inflation as Volcker did in the 1980s. Because America is now sitting on roughly $40 TRILLION in debt. Higher rates don't solve the problem anymore. They actually make it worse. Way worse. His conclusion: more money printing, more financial repression, and a slow erosion of dollar dominance. You can't rate-hike your way out of a debt trap. The math doesn't math. Tune in to know more ⏱ TIME POINTS ⏱ 00:00 - Intro 01:29 - Why Hormuz Threatens The Dollar 10:58 - Is De-Dollarization Accelerating? 16:40 - Trump’s China Talks Explained 23:00 - Is The World Dependent On US Oil? 28:07 - Will The Fed Buy US Debt? 33:53 - Sponsor: Nexo 34:31 - Inflation Is Heating Up Again 39:28 - Gold Price Targets For 2026 47:34 - Wrap-Up

As Special Adviser on Economic, Monetary, and Energy Affairs to Congressman @aecarri, I have drafted a DOLLARIZATION bill to save Venezuela's economy. With dollarization, Venezuela will KILL INFLATION and retain monetary regime sovereignty. Give @aecarri a listen:

Stablecoins are exploding and >98% are USD-based. This will accelerate dollarization of the global economy. Good for USA says @BarrySilbert But he worries about giving US Treasury unlimited ability to dollars. "Over time, governments destroy their currency again and again"

🚨 Ep. 100 of @TokenizedPod: Visa Stablecoin Settlement Hits $20BN - Up 15X @PetBerisha is joined by: - @Elise_X_Digital, Former Regulator, Policy & Regulatory Specialist - @cyril_mathew, Co-Founder & CEO, @rtp - @mattgmarcus, Co-Founder & CEO, @ModernTreasury To discuss: 🚀 @ModernTreasury Treasury launches noncustodial stablecoin wallets with fiat rails - Latitude raises $35 million to connect stablecoins with local rails - OpenFX provides onchain FX liquidity for cheaper stablecoin payouts - MoneyGram launches stablecoin linked Visa card and cash off ramps -@RobinhoodApp expands prediction markets and its fast growing blockchain ecosystem -Prediction markets and global regulation *** Timestamps: 00:00 Introduction 03:00 Modern Treasury launches noncustodial stablecoin wallets with fiat rails 05:13 Stablecoin agnosticism and likely consolidation among leading stablecoins 08:00 Business stablecoin demand across products, liquidity and payment infrastructure 10:11 Dollar denominated stablecoins, dollarization and global monetary sovereignty 13:28 Latitude raises $35 million to connect stablecoins with local rails 18:19 Regulation first stablecoin infrastructure and Latitude’s global licensing strategy 20:28 Stablecoins reducing cross border payment fragmentation and last mile complexity 23:23 OpenFX provides onchain FX liquidity for cheaper stablecoin payouts 27:52 MoneyGram launches stablecoin linked Visa card and cash off ramps 37:36 Robinhood expands prediction markets and its fast growing blockchain ecosystem 51:48 Prediction markets and global regulation *** 👉𝘚𝘦𝘢𝘳𝘤𝘩 '𝘛𝘰𝘬𝘦𝘯𝘪𝘻𝘦𝘥 𝘗𝘰𝘥𝘤𝘢𝘴𝘵' 𝘖𝘯 𝘠𝘰𝘶𝘛𝘶𝘣𝘦. 𝘈𝘱𝘱𝘭𝘦, 𝘚𝘱𝘰𝘵𝘪𝘧𝘺 𝘰𝘳 𝘢𝘯𝘺 𝘗𝘰𝘥𝘤𝘢𝘴𝘵 𝘗𝘭𝘢𝘺𝘦𝘳! 👈