The dollar isn't dying. It just left the banking system.

While everyone's screaming about de-dollarization, the real shift is happening under your nose. USD dominance isn't collapsing — it's migrating.

Stablecoins now settle more daily volume than Visa. USDT and USDC are the new rails. Offshore dollar liquidity is flowing through DeFi protocols, not correspondent banks.

TradFi is losing control, but the dollar's grip on global commerce? Stronger than ever. Just ask anyone in emerging markets using USDT to escape local currency debasement.

The infrastructure changed. The hegemon didn't.