Can dollar be replaced?

[Gvent]

Of course, this can happen, but not with cryptocurrency, only a developed country can change the dollar. There are great chances that China will put the dollar on the back burner, it's just guesswork.

The popularity of the dollar in some countries is so great that ordinary people transfer their earned money into dollars for greater safety. This shows how much influence the dollar has on the economies of these countries. But I agree that such a strong player as China can change the situation in the future.

[Jaguar]

I don't think it is possible for there are so many kinds of barriers need to destroy before dollars be change. Not easy challenge to change dollars. I cannot imagine the next thing to happen if yuan replace usdt. I still believe dollars will remain in circulation regardless of digital technology that is now in high demand.

[mahadev]

There was a claim that China want their currency which is yuan to replace the US dollar as the worlds global currency. That would give it more control over its economy. sometimes I just be wondering how this countries always push their own currency in the forefront ahead of other country, regarding to what China is saying about their yuan currency in trying to make it gain more value than US dollar. Base on your own opinion can that be possible?

About China clammed yuan will replace dollars, it doesn't happen yet.
dollars still dominate.
So, I think crypto currency also can replace dollar at the coming future.
Buy anything can happen at market

[LaZim]

It depends on what to replace it with. After all, the dollar in the financial system is like bitcoin in cryptocurrency. All currencies of the world are traded against the dollar.A dollar can buy everything. It's the same with Bitcoin. So I do not know what should happen for the dollar to stop being accepted somewhere and another currency to come in its place.

[Bobcrypto]

In my opinion, US dallar can't be replace by any currency, it is the king of fiats currencies just like bitcoin remains the king all coins/tokens. The Chinese yuan can not, and will not dominate the US dallar no matter how the Chinese economy is booming, the western nations will always be ahead of other countries in many ways including the world economic affairs. China will always make some impact but will not dominate USA/Britain, these two nations are the pointer to whether on economy, political, technology, matters etc.

[Gyrgen]

It should be remembered why the dollar dominated. During this time, it has become very deeply rooted and overgrown, it's like asking if some operating system can move Windows? The only way to replace the dollar is a very serious economic crisis.

[Sharelock]

yes, if you look at the development of the world, China continues to advance in terms of technology, yes, it is possible that the Chinese yuan will replace the US dollar, in my opinion

[nakmantu99]

There was a claim that China want their currency which is yuan to replace the US dollar as the worlds global currency. That would give it more control over its economy. sometimes I just be wondering how this countries always push their own currency in the forefront ahead of other country, regarding to what China is saying about their yuan currency in trying to make it gain more value than US dollar. Base on your own opinion can that be possible?

I have read many opinion here, I think dollar cannot be replaced.
Dollar is so popular and almost all countries used dollar.
I think crypto and fiat money will grow together,  didn't replace each other.

[Shahinaz]

in the economy maybe love is number 1 but to make the currency number 1 I think it might happen if the whole world depends on the country in the sense that almost 75% of the countries in the world owe to China, the yen could be number 1
but while the USA is still strong China cannot replace the USD currency

[arnold dudicove]

There was a claim that China want their currency which is yuan to replace the US dollar as the worlds global currency. That would give it more control over its economy. sometimes I just be wondering how this countries always push their own currency in the forefront ahead of other country, regarding to what China is saying about their yuan currency in trying to make it gain more value than US dollar. Base on your own opinion can that be possible?

Yes, It can happen.
I think dollar can be replaced by crypto currency at the coming future. Except dollar will have own crypto.
If the Digital currency will dominance at the world, everything will be crypto.

[gurunanakji777]

It's not easy to replace the dollar because the dollar is the currency for world trades. Basically we all know that most of the manufacturing plants are in China so most of the countries are fully dependent on their material that's why he pushed his currency to be used widely instead of the USA dollar but for the past 2-3 years I have noticed many countries are trying to reduce the dependability from the China.  The USA dollar is quite strong than Yuan but we should not forget China's economy is growing very faster than other countries and he is giving strong fight to the USA at the moment.

[Gvent]

It's not easy to replace the dollar because the dollar is the currency for world trades. Basically we all know that most of the manufacturing plants are in China so most of the countries are fully dependent on their material that's why he pushed his currency to be used widely instead of the USA dollar but for the past 2-3 years I have noticed many countries are trying to reduce the dependability from the China.  The USA dollar is quite strong than Yuan but we should not forget China's economy is growing very faster than other countries and he is giving strong fight to the USA at the moment.

The dollar is of great importance for the global financial system. I don't think there will be a fiat currency in the near future that will replace the dollar. Many people keep their savings not in the national currency but in US dollars, this indicates confidence in the dollar on the part of ordinary citizens.

[Speaker]

It will be almost impossible to replace the dollar now. Not only is it a key reserve currency, but most developed countries have huge external debts, which means that the dollar is secured by its own debt! It turns out to be a vicious circle, which is almost impossible to get out of in today's realities.)

[MrSpasybo]

I still maintain my point: USD needs to be maintained so that we have a basis to compare the value of crypto and everything in the economy. Of course, I am not against the plan to launch CBDC as US crypto USD in the future. That could bode well for the global wave of CBDCs.

[anshor1]

It will be almost impossible to replace the dollar now. Not only is it a key reserve currency, but most developed countries have huge external debts, which means that the dollar is secured by its own debt! It turns out to be a vicious circle, which is almost impossible to get out of in today's realities.)

I think crypto has potential to against dollar at the coming future.
My prediction dollar will have own crypto currency soon.
Because If dollar didn't have good improve, It will be passed by many people, move to digital currency.