For decades, the U.S. dollar has remained the undisputed center of the global financial system – the main currency for international trade, the primary store of value for central banks, and the most reliable safe-haven asset in times of crisis. Its dominance was secured by a unique combination of factors: the scale of the U.S. economy, the depth and liquidity of its capital markets, the rule of law, and trust in its institutions. However, in recent years, the global financial structure has begun to change. This is not about the collapse of the dollar, but rather a transition from monopoly to multipolarity.
