By btcpeers.com on September 14, 2023
The US dollar has been the world's dominant reserve currency for decades, comprising nearly 60% of global foreign exchange reserves. This status allows the US to run persistent trade deficits without facing major currency devaluation or inflation. However, some experts predict the dollar may lose this coveted position in the coming years. If that happens, it could have major implications for stablecoins like USDC that are pegged to the dollar.
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