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31 May 2020

JPMorgan Report Opines CBDCs Could Disrupt the U.S. Dollar’s Hegemony

JPMorgan Report Opines CBDCs Could Disrupt the U.S. Dollar’s Hegemony


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JPMorgan Report Opines CBDCs Could Disrupt the U.S.

Analysts at JPMorgan & Chase opine that the global trend toward the issuance of CBDCs could put the multi-decade long USD hegemony at risk.

They, however, added that CBDCs are unlikely to have the transformative impact some have hoped.

Although the report doesn’t see CBDCs topple the strong influence help by the greenback anytime soon, it does, however, believe that digital currencies could impact the “most fragile” aspects of dollar dominance – including its use in trade settlement and the SWIFT messaging system.

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