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Crypto's Rise Threatens Dollar Dominance, Experts Warn

5/25/2025

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Summary

Story summary

Kenneth Rogoff cautions that cryptocurrencies could undermine U.S. dollar dominance, especially in the underground economy, which is roughly 20% of the global economy.
Tether CEO Paolo Ardoino asserts that USDT bolsters dollar hegemony by holding more U.S. Treasuries than many nations.
Increased crypto use in gray markets may elevate borrowing costs and threaten U.S. economic security.
Senator Cynthia Lummis supports crypto regulation as a means to enhance the dollar's strength and lower national debt.

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Story summary

Kenneth Rogoff cautions that cryptocurrencies could undermine U.S. dollar dominance, especially in the underground economy, which is roughly 20% of the global economy.
Tether CEO Paolo Ardoino asserts that USDT bolsters dollar hegemony by holding more U.S. Treasuries than many nations.
Increased crypto use in gray markets may elevate borrowing costs and threaten U.S. economic security.
Senator Cynthia Lummis supports crypto regulation as a means to enhance the dollar's strength and lower national debt.