The global influence of the U.S. currency will decrease after central banks start issuing their own tokens (CBDC).
According to Morgan Stanley analysts, the global financial system will inevitably be transformed if digital versions of national currencies become more popular payment instruments.
Morgan Stanley also stated that in addition to CBDC in the coming years will increase the scale of application of stablecoins.
Moreover, such instruments have become more frequently used in cross-border settlements.
The process of dedollarization of the world economy will be significantly accelerated after the transition to CBDC and other virtual currencies, the authors of the report stressed.
In early October, the Bank of France announced that digital currencies of central banks will become an integral part of payment systems in the future.
According to the regulator’s representative Danny Boe, tokens linked to national monetary units can be used to pay for goods and services.