USA in PANIC as Euro Becomes Reserve Currency - Amazon 14.5B, Google 13B, Dollar Falls - House of El
The euro is not replacing the dollar overnight. But the latest ECB report shows a shift that should not be ignored: American companies are borrowing in euros at record scale, central banks are building euro liquidity infrastructure, and investors are beginning to treat the euro like a safer place to stand when US credibility weakens.
💶 Euro-denominated international bond and loan issuance surpassed $1.1 trillion in 2025 the highest since the euro was created.
🇺🇸 American tech giants are leading the move, with Amazon and Alphabet issuing billions in euro-denominated bonds.
📉 The dollars share of global international bond and loan issuance is falling while the euros share is rising.
🏦 The ECB is building permanent euro liquidity lines for central banks worldwide.
🥇 Gold has overtaken US Treasuries as a share of global central bank reserves.
🇪🇺 The euro is beginning to behave like a safe haven during crises, including tariff shocks, the Greenland crisis, and the Iran war.
⚠️ The prediction: euro bond issuance keeps rising as more institutions hedge against dollar risk.