De-Dollarization: New Non-Traditional Currencies Are “Eating” The US Dollar
The US dollar seems to be in great jeopardy from the start of the year. The year 2025 has ushered in great instability for the US economy, spurred primarily by the US’s rising trade war narrative. President Donald Trump is adamant about imposing tariffs on nations that do not comply with the trade norms laid down by the United States, sparking widespread volatility in the US dollar’s global status. This development has led to the US dollar falling, with nations pivoting to “non-reserve currencies” to save face. Will this phenomenon destabilize the USD to a greater extent and usher in de-dollarization? Let’s find out. Also Read: Gold to Surge 10.7% by May 2025 – Safe-Haven Demand Drives Price to $3,448.54 USD Erosion Continues To Gain Speed Source: Twitter / @CRYPTO_TAG The US dollar is declining rapidly, displaying shaky metrics amid a rising trade war narrative. Per an article by Kitco, the US dollar is gaining new competitors, contenders that are vying for its reserve curr...