Is the Greenback Doomed? — CoinDesk

A extra doubtless consequence is an erosion within the shares of currencies such because the euro, the British pound sterling, and the Japanese yen, whereas the greenback stays largely unscathed. In any case, stablecoins pegged to the greenback would merely make it simpler to realize entry to the world’s main foreign money. If Diem have been to supply equally accessible variations of cash linked to the greenback, the euro and some different main currencies, it’s a truthful guess that, a minimum of initially, demand can be strongest for the dollar-backed cash.

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