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The ASEAN Secretariat officially announced that the alliance is not abandoning the US dollar for trade. Secretary-General Kao Kim Hourn told AFP that ASEAN is not “giving up dollars” to mitigate risks emerging from Trump’s tariffs. The statement comes after the alliance discussed various de-dollarization plans at the 2023 summit. The bloc pushed local currency settlements for cross-border transactions to avoid using the US dollar for payments. However, ASEAN has now taken a U-turn and confirmed that it will use the US dollar for trade and transactions. While the bloc agreed that they prioritize local currencies, the USD will also be used for trade. Also Read: Dollar Reigns Supreme: 89% of World Transactions in USD ASEAN Will Not Ditch the US Dollar, Confirms Secretariat Source: AFP Standard Chartered’s Global Head of Research and Chief Strategist Eric Robertsen said that ASEAN cannot challenge the US dollar. He explained that the greenback has solid global backi...

Versan Aljarrah, founder of Black Swan Capitalist, claimed in a September 25 social media post that XRP could play a pivotal role in addressing the global debt crisis by tokenizing trillions in debt.  According to Aljarrah, the current financial system cannot repay mounting obligations under existing conditions. Instead, it can convert debt into blockchain-based liquidity backed by neutral assets such as XRP, tokenized gold, and stablecoins.  “Global debt can’t be paid back. It has to be restructured. The real play is converting trillions into tokenized liquidity running on neutral assets like XRP, tokenized gold, and regulated stablecoins. Cycles reward those who prepare before the narrative, not after,” he wrote on X.  This is not the first time the financial strategist has been bullish on XRP. In July this year, he described the token as “hidden in plain sight,” linking its potential to overlooked correlations with the U.S. Dollar Index. ...

Donald Trump had vowed to protect the US dollar, but it seems that his vow is failing catastrophically, considering the decline that the American currency has been noting in 2025. The US dollar has declined 10% this year, as Trump’s aggressive trade policies continue to rattle the global economies. Trump’s tariff regime indirectly gave birth to a renewed de-dollarization demand, sparking fears of a potential USD collapse. In the meantime, several other reasons are eroding trust in the US dollar. Here’s how Trump’s policies are eroding trust in the US dollar. Also Read: BlackRock Says Surging US Debt Could Fuel De-Dollarization 3 Major Reasons Why the US Dollar May Lose Its Reserve Crown Under Trump’s Rule 1. Acceleration of De-Dollarization Sentiment, Again Source: Deposit Stock Photo Trump has shown a keen interest in imposing several tariffs on nations that want to trade with the US economy. His tariff policy was meant to bolster the US economy, but the opposite has happen...