Economics professor and bitcoin critic Nouriel Roubini is working on a tokenized asset designed to be a “stronger dollar” in the face of rising inflation. It is reported by Bloomberg.

Roubini develops new financial products at Dubai-based company Atlas Capital Team. He joined the firm two years ago as co-founder and chief economist.

Roubini is seeking the asset-backed digital currency as a hedge against price increases and to take advantage of the increase in demand for land and goods, as well as the loss of confidence in fiat currency.

The economist shares his concerns about the dollar’s future as a world reserve currency. “Dominance may be lost,” he said, as the United States “prints too much money and competitors start to lower the dollar.”

“We are aware that the position of the US currency as a reserve currency may be at stake, and we are working to create a new instrument that will actually be a stronger dollar,” Roubini said.

Recall that in November 2021, the economist predicted a major transition to settlements in the states CBDS.