Morgan Stanley Anticipates Stablecoins to Back the USD Amidst De-Dollarization Concerns; EU and China Intensify Risks

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Cointime2024/01/16 12:05

By:Cointime

Morgan Stanley predicts that stablecoins pegged to the US dollar will support the currency amid concerns of de-dollarization. The financial institution highlights the challenges facing the USD due to the rise of digital currencies and the global efforts to promote de-dollarization. The report notes that stablecoins could have a profound impact on the financial sector and reshape how money is moved across borders, potentially reinforcing the US dollar as the dominant global currency. Morgan Stanley also suggests that stablecoins would not challenge the USD's dominance but could be a critical catalyst in significantly altering the landscape of global finance.

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