The hottest Reserve Currency Substack posts right now

Gold has re-emerged as the main safe-haven asset, with central banks and investors buying it, while Bitcoin has not behaved like “digital gold” during recent turmoil.
The dollar’s international roles — payments, reserves, and collateral — are distinct, and because currencies can be swapped quickly, using the dollar for payments doesn’t necessarily force large reserve holdings; building non-dollar payment systems makes de-dollarization easier.
China’s push to expand yuan payments and accumulate gold could enable a challenge to the dollar, but China hasn’t shown a clear desire to replace it, and a change in reserve currency wouldn’t automatically revive U.S. manufacturing — policy choices matter more.

The world is moving away from the U.S. dollar and U.S. Treasuries as the unquestioned anchor, with countries rebuilding payment systems and settling more trade in local currencies.
China is buying vast amounts of Russian gold — likely far more than official reports show — using bullion as a bridge asset to shrink dollar exposure and guard against sanctions risk.
Meanwhile, U.S. markets are focused on tech and AI-driven valuations that look fragile, even as foreign governments quietly dump Treasuries, a mix that could erode confidence in the dollar and U.S. financial leadership.

Creating a new currency by BRICS is not a practical idea due to various challenges and conflicting interests among member nations.
For a global reserve currency to be successful, it needs to address essential features like demand, liquidity, and market size.
Switching from the U.S. Dollar as the global reserve currency would require a significant shift in economic advantages and stability, making it a complex and unlikely change.

Warnings about the precarious nature of the U.S. dollar are important
The idea that the dollar could lose its reserve status is gaining mainstream attention
The uncertain future of the dollar indicates the need to be prepared for significant changes

Get a weekly roundup of the best Substack posts, by hacker news affinity:

BRICS countries are planning to introduce a gold-backed reserve currency, challenging the US dollar's dominance.
The move could lead to a devaluation of fiat currencies and pose a shock to the global fiat money system.
This announcement is part of a larger plan to de-dollarize and shift away from the US dollar as the world's global reserve currency.

BRICS nations are considering introducing a gold-backed currency to reduce dependency on the US dollar.
The US has deviated from the gold standard, leading to concerns about debt levels and potential economic implications.
For the gold-backed currency to work, BRICS nations would need to establish trust and a system that ensures the currency is fully redeemable for gold, potentially impacting the global financial landscape.