In a comprehensive report titled “Digital (De)Dollarization?” released recently, financial giant Morgan Stanley explores the potential disruption to the long-standing dominance of the U.S. dollar in the global economy by the rise of Central Bank Digital Currencies (CBDCs) and digital assets like Bitcoin.

The “dedollarization” report begins by highlighting the current state of the U.S. dollar, which, despite the U.S. contributing 25% of global GDP, constitutes around 60% of global foreign exchange reserves. However, due to the U.S.’s growing deficits and recent strategic economic sanctions, this dominance is now under scrutiny, leading nations to look for… Read more on bitcoinnews