中国带头拆美元台：特朗普硬怼金砖国家，反被“砸美债”

Core Viewpoint - The decline of the US dollar's dominance is becoming evident, with a significant drop in its global reserve currency share, signaling a shift towards a multipolar currency system driven by the BRICS nations [1][3][11]. Group 1: Dollar's Decline - The share of the US dollar in global reserves has fallen below 60%, the lowest in thirty years, attributed to long-term issues such as excessive money printing and the use of dollar sanctions [3]. - The BRICS nations are accelerating the development of their own payment systems in response to the risks associated with dollar reliance, particularly after the sanctions imposed on Russia [3][5]. Group 2: BRICS Payment System - The BRICS-led payment system now covers 159 countries, challenging the dollar's supremacy, with increasing frequency of transactions in local currencies and the Chinese yuan [5][8]. - China has significantly reduced its holdings of US Treasury bonds, with over $100 billion cut in the first five months of 2025, dropping the US from its position as China's largest creditor to third [5][8]. Group 3: Response to US Policies - The Trump administration's attempts to curb de-dollarization through high tariffs and stablecoin legislation have backfired, leading to increased local currency transactions among BRICS nations [6][11]. - The actions of BRICS countries are driven by a strategic need for financial security and diversification, rather than a direct confrontation with the US [8][11]. Group 4: Future Implications - The rise of BRICS and the establishment of alternative payment systems indicate a restructuring of the global financial order, raising questions about the future viability of the dollar [11]. - The ongoing inflation, fiscal deficits, and social issues in the US highlight the weakening of its hegemonic status, making the future of the dollar increasingly uncertain [11].