A mix of geopolitical uncertainties, monetary shifts, and currency hedging is prompting a meaningful move toward de-dollarization across the region.

KEY POINTS

While de-dollarization is not exactly a new phenomenon, the narrative has changed.

De-dollarization in ASEAN is expected to pick up pace, according to the Bank of America.

Some Asian economies have the greatest potential to repatriate their foreign earnings or assets back to their local currencies.

  • r3g3n3x@lemmy.worldEnglish
    12·
    2 days ago

    It is the solution. You want an asset not liquid as what backs the currency. Proof of stake is scam/gambling. Proof of work is investment/asset. There’s only one established game in town.