Back

Morgan Stanley Warns: Digital Currencies May Challenge US Dollar's Reign


Morgan Stanley has issued a report, “Digital (De)Dollarization?”, shedding light on the potential shift in the currency landscape due to digital assets. Authored by Andrew Peel, the bank’s executive director and head of Digital Asset Markets, the report highlights the increasing scrutiny of the US dollar’s dominance amidst geopolitical changes and the growing US twin deficits. Peel points out that the rise of digital assets like bitcoin, the expansion of stablecoin volumes, and the emergence of central bank digital currencies (CBDCs) could significantly impact the global currency dynamics. He notes that recent US monetary policies and the strategic use of economic sanctions are prompting some nations to seek alternatives to the dollar.


Source link

Wealthfargo
Wealthfargo

Leave a Reply

Your email address will not be published. Required fields are marked *

We use cookies to give you the best experience. Cookie Policy