Former central banker Mark Carney told the Davos Forum that the U.S. dollar’s global dominance is receding as BRICS nations advance their central bank digital currency (CBDC) integration and build alternative payment systems.
Key Developments: BRICS Technical Integration: Led by India, member states are moving toward interoperable CBDCs and non‑Western settlement rails.
Fragmented Global Order: Carney described a move away from a single‑currency system toward a multi‑polar financial landscape.
Third Path” for Middle Powers: Advised nations to pursue coordinated sovereignty—aligning on shared standards without relying on traditional dominant powers.
Implication: This shift supports the long‑term diversification narrative for gold, cryptocurrencies, and non‑dollar assets, as countries seek to reduce dollar dependency in trade and reserves. $BTC $ETH $BNB #BTC #MWAM_Crypto
