Dollar dominance could give way to a ‘tripolar’ currency system as China’s yuan and the euro rise on the world stage

Priscila Zambotto/Getty Images The dollar’s status isn’t under threat anytime soon, but the yuan and euro look most likely to cut into its lead. A “tripolar” reserve currency system is plausible, economist Stephen Jen told Insider. The greenback saw a dramatic erosion as a global reserve currency in 2022, but it’s still dominant in international trade. The dollar has been king for decades but its slippage as a reserve currency has raised concerns as to whether a rival currency will dethrone it. But to economist Stephen Jen, the CEO of Eurizon SLJ, a more plausible outcome would be multiple currencies…