Gate News, April 16 — Sonar Desai, Chief Investment Officer of Fixed Income at Franklin Templeton, stated that despite increased scrutiny of its dominance, the US dollar will remain the world's preferred currency. In a report, Desai outlined three pillars supporting the dollar's position: the size of the world's largest economy, market depth, and institutional credibility. Desai said that there are currently no credible alternatives; building the institutional infrastructure needed to support alternative currencies will take decades. Although some analysts believe that the euro, gold, and digital assets could become strong competitors in the role of preferred reserve assets, Desai countered that: true rivals to the dollar have not yet emerged. She pointed out that the Eurozone cannot issue a sufficiently large unified safe asset. According to data from the Bank for International Settlements' 2025 three-year survey, the dollar accounts for 89% of over-the-counter foreign exchange trading. Desai described the dollar's current weakness as cyclical rather than structural. Based on a trade-weighted real effective exchange rate, the dollar remains well above its lows in the mid-1990s and late 2000s, levels consistent with its status as the global reserve currency.