Morgan Stanley: Bitcoin and CBDC have the potential to “de-dollarize” the world
According to a report titled "Digital (De)Dollarization" , Morgan Stanley believes that the rise of central bank digital currencies (CBDCs) and digital assets such as Bitcoin and stablecoins has the potential to "de-dollarize" the world and could disrupt the long-standing dominance of the US dollar in the global economy. The report suggests that these emerging technologies offer more efficient, transparent, and convenient financial solutions, and in the future, CBDCs and other private digital currencies could become viable alternatives to traditional cash and legal tender, potentially reducing reliance on traditional banking systems and the US dollar in international transactions and reserves.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
SODA, the code-free Telegram mini-program launcher, receives Pre-Seed funding led by Gagra Ventures
The Graph is creating new data standards for Web3 through GRC-20
The address with a swing win rate of 83.3% liquidated WBTC, with a loss of $184,000