Thursday, August 21, 2025

Currency Competition

When the Dollar Falls
https://www.project-syndicate.org/onpoint/what-happens-if-dollar-is-no-longer-world-leading-reserve-currency-by-dennis-j-snower-2025-08
By driving up the federal debt, undermining central-bank independence, and imposing sweeping tariffs on key allies, US President Donald Trump is striking at the heart of America’s financial power. If the dollar were to lose its reserve-currency status, the resulting realignment would be neither gradual nor orderly.
 
EU speeds up plans for digital euro after US stablecoin law
https://www.ft.com/content/8ad60169-d1e5-4d2c-b928-d53d668f0ec6
Concern over competitiveness raises possibility of digital currency using public rather than private blockchain.


China considering yuan-backed stablecoins to boost global currency usage, sources say
https://www.reuters.com/business/finance/china-considering-yuan-backed-stablecoins-boost-global-currency-usage-sources-2025-08-21