Morgan Stanley: Bitcoin and CBDC have the potential to “de-dollarize” the world

According to a report titled "Digital (De)Dollarization" , Morgan Stanley believes that the rise of central bank digital currencies (CBDCs) and digital assets such as Bitcoin and stablecoins has the potential to "de-dollarize" the world and could disrupt the long-standing dominance of the US dollar in the global economy. The report suggests that these emerging technologies offer more efficient, transparent, and convenient financial solutions, and in the future, CBDCs and other private digital currencies could become viable alternatives to traditional cash and legal tender, potentially reducing reliance on traditional banking systems and the US dollar in international transactions and reserves.