Can dollar be replaced?

[Anrate]

Dollar will probably never be replaced by any crypto, and least likely by an altcoin. Dollar is the strongest currency in the world, and is the legal tender of the superpower nation - America. Moreover, the value of bitcoin and all altcoins are primarily expressed through USD. Maybe the government may accept crypto as a second legal tender, but it will be least likely to replace the dollar as a whole.

[Alichlas92]

In my opinion, it is quite difficult to replace the US dollar as the world's currency. It is true that today's China is also a superpower. but to make the yuan a currency is something that is possible, but if I were to ask, then I'm more convinced that the israel shekel will be much better able to replace the US dollar.

[Zezari]

It is difficult to replace the currency that the whole world uses, it is difficult to replace the currency that belongs to the country at all. We are already using a cryptocurrency that is difficult to replace.

[collinsjie]

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

Replacing the dollar will not be easy. The dollar has been built to control the international market worldwide. It will not be possible for the yuan to replace the US dollar. China's economy has grown to takeover the number one currency in the world. China is just trying to make that happen and it can't happen now. The USA as a country is not sleeping too.

[Speaker]

Yes, shifting the dollar from the top position is a very difficult task. I don't think anyone will be able to do this in the near future.

[Fenix]

The struggle for financial and economic superiority between the dollar and the yuan has been going on for a long time. This is actually an economic cold war going on between the two most powerful states. The dollar is still feeling good and does not intend to leave its championship. So far I don't see that option. Especially now that China is threatening to attack Taiwan. Even a quick and victorious war always has a very negative effect on any state.

[Hisbullah]

Yes, shifting the dollar from the top position is a very difficult task. I don't think anyone will be able to do this in the near future.

Dollar is more popular than other currency, we know about yuan, Euro and etc.
But Dollar is still dominant as  economic value. Sure currency
I still believe dollar will have great future and still superior for the next several years again.

[Alichlas92]

Exactly who is leading the world. we are still in the pax americana phase, where previously pax britanica poudsterling led the world which was later shifted by the american dollar, the world seemed to be under their control. We will see in the future who will lead the world. again everything will experience a change of order if world war III occurs. there are certain countries that want the event to happen and take the opportunity.

but the US dollar is currently still very strong.
Of course no matter what happens to the world's currencies, we hope that crypto will still have a bright future and everyone can participate in it.

[Tolyk]

It will be difficult to replace such a currency as the dollar, it is a currency that is used in all countries for trading.

[Speaker]

It will be difficult to replace such a currency as the dollar, it is a currency that is used in all countries for trading.

The dollar does not need to be replaced by anything, it is important to coexist with it.

[Senin]

Theoretically, it is possible to replace the dollar as the world reserve currency with another currency. However, for this it is necessary that a significant majority of states want this and accept it as such, that is, in their international payments with other states they pay in a different currency. And for this it is necessary that the economy of this state be stable and the liquidity of the currency be high. I don’t yet see the prerequisites for switching from the dollar to another world currency. The desire of some states to move away from using the dollar is more due to political reasons.

[jasonjm]

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?

Over the past few months, countries have slowly stepped away from using USD and wanted to trade in their currency or Yuan. Russia is currently doing the majority of its trades in the Yuan. Few African countries started holding their Forex reserves in the Yuan. BRICS is also looking to trade in their currency and wants to launch a new currency to counter USD effects.
It is very early to say that a currency will replace USD in the near future, but we might see this happening after a few decades I think.

[Callisto]

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?

The yuan can compete with the dollar, but replacement in the global monetary system requires economic stability, open markets and international agreements, which will take time.
This is a complex process, as the dollar has long-term stability and global trust. The implementation of such changes requires broad support from the global community. But still, everything is possible, nothing lasts forever, not even currency.

[IvugeoEvolutionCoin]

The yuan can compete with the dollar, but replacement in the global monetary system requires economic stability, open markets and international agreements, which will take time.
This is a complex process, as the dollar has long-term stability and global trust. The implementation of such changes requires broad support from the global community. But still, everything is possible, nothing lasts forever, not even currency.

Replacing the world currency seems very difficult to do because there are groups that control world banks and prefer the dollar as the world currency that can be used anywhere. However, when talking about currencies, the yuan actually still has a chance to dominate the world currency but requires a lot of capital. many and, of course, should provide merchants who accept yuan payments from all over the world.

[IyemRoker]

If the Chinese Yuan wants to shift from the USD, it could happen because business competition in various sectors is now dominated by the Chinese market.
But if the Yuan wants to remove the USD, it definitely can't or even if it could, it would have to wait a very long time because the Marketcap of the USD is so very large.
Just look at the cryptocurrency market, the most common trading pairs with Fiat are pairs with USDT, USDC, DAI, FDUSD and all of them are tokens based on Fiat USD. This is proof that the USD is very strong if it wants to be defeated by the Yuan from China.