Is the Dollar Doomed? — CoinDesk

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A extra possible end result is an erosion in the shares of currencies comparable to the euro, the British pound sterling, and the Japanese yen, whereas the greenback stays largely unscathed. After all, stablecoins pegged to the greenback would merely make it simpler to achieve entry to the world’s main forex. If Diem had been to offer equally accessible variations of cash linked to the greenback, the euro and some different main currencies, it’s a truthful wager that, a minimum of initially, demand can be strongest for the dollar-backed cash.