Mahathir Mohamad was campaigning heavily for de-dollarization. -snip-
Seems interesting to follow this news. De-dollarization campaign will make the power of the dollar going to decrease gradually. But not really sure that they will consider crypto as the alternative currency. They may plan for a union of Asian currency, like EURO.
-snip- This new currency can be either gold or stable coins with gold underlying. -snip-
I know that those countries (Malaysia, Iran, Turkey, and Qatar) will consider gold as the main focus because it is proven having stable value since antiquity. They seems realize that only Arabic currency (Dinnar and Dirham) have good values all the time, it is because of with gold or silver underlying. And they want to emulate it.