{ "id": 83094, "date": "2026-05-29T09:06:17", "date_gmt": "2026-05-29T02:06:17", "guid": { "rendered": "https:\/\/hbbgroup.net\/fidelity-digital-assets-highlights-growing-evidence-of-shift-from-dollar-based-systems\/" }, "modified": "2026-05-29T09:06:17", "modified_gmt": "2026-05-29T02:06:17", "slug": "fidelity-digital-assets-highlights-growing-evidence-of-shift-from-dollar-based-systems", "status": "publish", "type": "post", "link": "https:\/\/hbbgroup.net\/en_us\/fidelity-digital-assets-highlights-growing-evidence-of-shift-from-dollar-based-systems\/", "title": { "rendered": "Fidelity Digital Assets highlights ‘growing evidence’ of shift from dollar-based systems" }, "content": { "rendered": "
\n

Recent moves by the Iranian government to Bitcoin for oil tolls as gold overtakes US dollar assets in global central bank reserves signals a \u201cshift away from dollar-based systems,\u201d according to crypto financial services company Fidelity Digital Investments.<\/p>\n

Tehran’s acceptance of BTC for oil shipments<\/a> passing through the Strait of Hormuz represents the emergence of \u201calternative settlement mechanisms,\u201d according to the company\u2019s just-released “Six Key Trends Shaping Digital Assets in 2026” report<\/a>.\u00a0<\/p>\n

Accepting Bitcoin for shipping toll payments is evidence that the biggest cryptocurrency could replace the US dollar<\/a> as the global reserve currency because of its neutral, confiscation-resistant and decentralized properties, supporters of BTC say.<\/p>\n

At the same time, central banks’ demand for gold remains \u201cstrong\u201d despite its 20% decline from the all-time high of about $5,600 per ounce reached in January. The report said:<\/p>\n

\u201cGold\u2019s performance and continued central bank demand are broadly aligned with our initial thesis, while the anticipated follow-on outperformance from bitcoin has yet to materialize.\u201d<\/p><\/blockquote>\n

<\/figure>\n

Gold overtakes US dollars in central bank reserves. Source: Kitco<\/a><\/p>\n

Related: <\/strong><\/em>US law firm files motion requesting redistribution of $344M USDt linked to Iran<\/strong><\/em><\/a><\/p>\n

Iran considers an insurance model for oil ships paid in Bitcoin <\/h2>\n

In May 2025, Iranian media reported that the government of Iran was considering a maritime shipping insurance model <\/a>for oil vessels crossing the Strait that would be payable in Bitcoin and \u201csettled at the speed of blockchain.\u201d<\/p>\n

\u201cUnder 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,\u201d according<\/a> to the state-run Fars News agency.<\/p>\n

<\/figure>\n

Source: <\/em>Dennis Porter<\/em><\/a><\/p>\n

In April 2026, the Iranian government announced it would accept oil shipping tolls in Bitcoin, US dollar-pegged stablecoins and Chinese yuan.<\/p>\n

Later that month, US authorities froze $344 million in stablecoins<\/a> linked to Iran\u2019s government and the Iranian Revolutionary Guard Corps (IRGC).<\/p>\n

Despite the ability of US officials to freeze and confiscate stablecoins, Tether\u2019s USDt dollar-pegged token continues to dominate oil shipping fees<\/a>, according to Sam Lyman, the head of research at digital asset advocacy organization Bitcoin Policy Institute (BPI).<\/p>\n

Magazine: <\/strong><\/em>Is China hoarding gold so yuan becomes global reserve instead of USD?<\/strong><\/em><\/a><\/p>\n<\/div>\n

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph\u2019s Editorial Policy<\/a> and aims to provide accurate and timely information. Readers are encouraged to verify information independently. <\/p>", "protected": false }, "excerpt": { "rendered": "

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