> This probably will challenge the US Dollar's role as the dominant currency, which is actually terrible for the US in its long term debt structuring.
Is there anything the US can do, or have we forever ceded the lead?
Is there anything the US can do, or have we forever ceded the lead?
But the thing is, being the major dominant currency actually comes with drawbacks:
https://equitablegrowth.org/reserve-currency-privileges-cost...
So potentially, the US dollar losing its role as the dominant currency may actually come with benefits for everyday Americans.