$USDC
The impact of the collapse of the global clearing system due to the confiscation of Russian assets, as warned by Jim Rickards, can have profound effects on major assets and the global economy. Here’s an analysis of each of:
A decline in long-term dominance
Loss of trust from countries in holding the dollar as a reserve due to confiscation fears.
The potential decline in global demand for U.S. Treasury bonds.
Nevertheless, the dollar remains strong in the short term due to its current reliance in trade and debt.