Overview

• BRICS countries are developing a payments platform to bypass the US dollar in trade.
• Experts argue that US internal dysfunction is a greater threat to the dollar than foreign de-dollarization efforts.
• The US can counter de-dollarization by promoting domestic stability and positive global trade partnerships.
• China and Russia are leading efforts to reduce reliance on the dollar through local currency transactions and digital currencies.
• Despite challenges, the dollar remains deeply entrenched in global finance due to its historical advantages and trust.