Fidelity Digital Assets highlights 'growing evidence' of shift from dollar-based systems

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Gold overtakes US dollars in central bank reserves. Source: Kitco Related: US law firm files motion requesting redistribution of $344M USDt linked to Iran In May 2025, Iranian media reported that the government of Iran was considering a maritime shipping insurance model for oil vessels crossing the Strait that would be payable in Bitcoin and “settled at the speed of blockchain.” “Under the Economy Ministry's plan, managing the Strait through an insurance framework would enable the issuance of various marine insurance policies as well as certificates of financial responsibility,” according to the state-run Fars News agency. Source: Dennis Porter In April 2026, the Iranian government announced it would accept oil shipping tolls in Bitcoin, US dollar-pegged stablecoins and Chinese yuan. Later that month, US authorities froze $344 million in stablecoins linked to Iran’s government and the Iranian Revolutionary Guard Corps (IRGC). Despite the ability of US officials to freeze and confiscate stablecoins, Tether’s USDt dollar-pegged token continues to dominate oil shipping fees, according to Sam Lyman, the head of research at digital asset advocacy organization Bitcoin Policy Institute (BPI). Magazine: Is China hoarding gold so yuan becomes global reserve instead of USD? More on the subject

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