These 3 Things That May Accelerate The De-Dollarization Move
The de-dollarization movement has found a substantial foothold over the last decade. The US dollar is still the dominant global currency. Despite its dominance, the dollar has lost significant lustre in recent times. Let’s look at a few factors that could further accelerate the movement away from the greenback. 3 Things Accelerating De-Dollarization Source: Shutterstock The first thing that may cause countries to ditch the US dollar at a faster rate is the rising US debt. Japan and China have been the largest holders of US debt over the last two decades. In May 2025, the US debt exceeded the $36 trillion mark. Experts have pointed out the dangers posed by the increased US debt. During an interview with Joe Rogan on a podcast, Elon Musk said that focusing on managing the US debt must be a priority. Larry Fink, the CEO of BlackRock, has also raised worry over increasing debt in the US. In a letter addressed to the shareholders, Fink said that the US dollar might not continue being t...