I think this is the first time that I appreciate a group of experts who are presenting a logical another side of the dedolarization movement which is slowly catching fire in many big countries especially those who are harboring ill intent against the United States of America. Certainly, in case the dollar will lose its dominance in international trade most especially with the end of the PetroDollar agreement, there can be gargantuan repercussions coming to the economy of the country. What we should also realize is that if the economy of the USA will fail, there will be global economic shock that can affect all people. I am sure however that this scenario has already been looked by China, Russia and Iran - the leading anti-USA crusaders in the global scene - and maybe they think that they can easily fill the void once there can be a vacuum of leadership in international commerce. At any rate, there is no stopping the dedolarization vision for now and it remains to be seen how will its fallout can be affecting all of us.
The authors dismiss crypto assets and sanctions as threats to the U.S. dollar. “Some argue that crypto assets may help free the international monetary system from the dollar. Balderdash. Key stablecoins are pegged to the dollar. Watching other crypto assets prices fluctuate gives one a case of vertigo, the antithesis of a store of value,” they opined.
It boils down on how strong the economic of the US is for the dollar to continue it's dominance, other if their economy weakens due to many factors and the likes of them involving in the war in the Middle East, sooner or later they might suffer and losing their economy means losing their grip for the Dollar as trade money. And regarding crypto, as per experts,