Can dollar be replaced?

[DabsPoorVersion]

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.

For China to replace the Dollar with the Yuan, they need to make significant improvements in several areas. Firstly, they need to clarify their future intentions with the yuan and increase the financial transparency of their market. Even if they dominate in various sectors, this alone will not increase their chances of achieving their goal.

[Alcor]

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.

This issue is even more political than financial. Replacing the dollar with the yuan or another currency as a global reserve currency is only possible if the United States ceases to be a superpower and actively influence global political processes. Yes, China, Russia, Iran and some other states that have fallen under international sanctions or may fall under them are interested in weakening the dollar and strengthening their currency. But so far these efforts have not led to anything serious. The dollar is not threatened in this regard yet.

[gunhell16]

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 just don't know. Maybe it's possible to say that the yuan can compete with the dollar, but I'm not sure if it can replace the dollar that is recognized around the world. Maybe it's possible if he surpasses what the dollar does around the world and its impact, which is why it is recognized by the whole world or every country.

It is difficult to say what will happen to the dollar, especially if we are talking about the future. But who knows, right? We know that one day the Yuan will suddenly replace the dollar in its disposition.

[nakmantu99]

I just don't know. Maybe it's possible to say that the yuan can compete with the dollar, but I'm not sure if it can replace the dollar that is recognized around the world. Maybe it's possible if he surpasses what the dollar does around the world and its impact, which is why it is recognized by the whole world or every country.

Yeah at the past,we know about EURO that has been predicted will be replace dollar.
But as we know, dollar can't be replaced.
For now we talk about dollar, I think will be the same.

[DrBeer]

I'm going to ask 2 simple questions:
1. WHY ?
2. What to replace the dollar with ?

there will be no answers. There are no objective reasons for the destruction of the international settlement system based on the dollar. No, I realize that there are those who:
- simply can't get a dollar and therefore can't buy something on the world market for their currency. 
- "have a personal dislike of the dollar/USA".
- those who simply envy the dollar.
...but all this is no reason to break a well and stable system.

There is no answer to the second question at all, because now there is no more convenient, stable, recognized instrument for mutual settlements on the world market.

If I am wrong and you have an alternative opinion - we can discuss any proposal in a reasoned manner .