The US dollar has been through tumultuous pangs of depression throughout the year 2025. Several experts predicted a change of narrative for the dollar in 2026, but the year has begun with more aggressive geopolitical uncertainties as Trump’s idea to invade Greenland heats up. The real question is, is the US dollar truly falling and failing, and how does crypto come into this picture in its entirety?
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Is the US Dollar Falling and Failing? Experts Think So
In a video uploaded by Wu Blockchain, Balaji Srinivasan, a prominent American tech entrepreneur and former CTO of Coinbase, shared his analysis on whether the US dollar is falling and that the fiat may not have a bright future ahead after all.
While explaining in depth, the video encapsulates Srinivasan’s bold narrative on how the US dollar may ultimately get absorbed by crypto by rerouting the capital flow towards the digital assets.
“Balaji Srinivasan: The Dollar Is Like Microsoft, Fiat Moves Into Cryptocurrencies. He used a precise “Microsoft Windows” analogy: just as Microsoft lost its dominance to Google and Apple (representing crypto) but remained profitable, the dollar will become a legacy system. In this future, the establishment retains power, but over fewer people as they choose to “exit” into the crypto economy.”
The Current Plan: Using Stablecoins to Assert Dollar Dominance
The answer to the perennial question as to whether the US dollar is falling or not is yes, it is falling and flailing while other assets continue to spike high on the radar. However, in a bid to reassert the dollar’s dominance, the US administration is keen on exploring stablecoins as dollar alternatives pegged to the USD to ensure dollar dominance across the world.
“SCOTT BESSENT: CRYPTO DOESN’T KILL THE DOLLAR—IT LOCKS IT IN. Throwback to a point Scott Bessent made: he said crypto, especially stablecoins, isn’t a threat to dollar dominance. It may actually reinforce it. Stablecoins backed by dollars end up becoming massive buyers of U.S. Treasuries, spreading dollar usage globally through phones instead of banks. Bessent also said this is why it mattered that the U.S. leaned into crypto instead of trying to choke it off. Digital assets aren’t just an innovation trend; they’re becoming part of the global monetary plumbing.”
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