Hey guys here is a topic from the Big picture I found very interesting to ponder on;

De-dollarization I think is attracting lots of attention, though it still feels ahead of the reality. The USD still maintains leading position in the world trade, finance, and central bank reserves for a purpose: trust, liquidity, and the depth of U.S. financial markets. Nations like China and Russia are pushing options—using local currencies in business deals, raising payment systems without SWIFT, and expanding gold reserves—but these efforts encounter difficult obstacles.
At least there's yet no obvious replacement. Even the euro faces internal political challenges, the yuan is not completely convertible and cryptocurrencies are very volatile and lightly controlled for major state use. In oil business too, where plans to use other currencies get headlines, the USD still dominates because it's stable and internationally approved.
The use of other currencies is gradually growing in bilateral business agreements, and sanctions have made some nations weak of relying too heavily on the USD system. Though unless the U.S. mishandles her fiscal position or weaponizes the dollar too aggressively, it's central functions will likely stand.
To conclude, de-dollarization isn't a fairytale— but also isn't a revolution either. It's more of a slow shift at the lines, not a sudden upheaval. The dollar dominance can gradually erode, but for now, there's no serious opponent ready to take its position

What is your view?