Cutout of Joe Biden and Xi Jingping facing each other with a ripped split down the middle.
  • The Chinese yuan poses a threat to US dollar dominance, according to Nouriel Roubini.
  • He predicted in a Financial Times column the emergence of a bipolar currency regime. 
  • "The intensifying geopolitical contest between Washington and Beijing will inevitably be felt in a bipolar global reserve currency regime as well."

The US dollar is facing a threat from the Chinese yuan and the end of its dominance in the global financial system, according to Nouriel Roubini, chief economist at Atlas Capital Team.