The Dollar Won, but Might the U.S. Lose Control of the Dollar?
Briefly

from Coindesk1 month ago
The U.S. dollar is the preferred choice in international transactions, even more significant than the U.S. economic position, with 90% of all international payments done in USD.
Coindeskhttps://www.coindesk.com/consensus-magazine/2024/05/03/the-dollar-won-but-might-the-us-lose-control-of-the-dollar/
In the crypto world, the U.S. dollar represents 99% of global stablecoin transactions, indicating a high level of dollar dominance in this digital currency domain.
Coindeskhttps://www.coindesk.com/consensus-magazine/2024/05/03/the-dollar-won-but-might-the-us-lose-control-of-the-dollar/
The extensive use of U.S. dollars in transactions links much of the world's financial system to U.S. regulators, imposing the reach of U.S. law and institutions globally.
Coindeskhttps://www.coindesk.com/consensus-magazine/2024/05/03/the-dollar-won-but-might-the-us-lose-control-of-the-dollar/
While cash exists, the dominance of the U.S. dollar in digital transactions underlines its power and control, making it challenging to transact without encountering U.S. regulations.
Coindeskhttps://www.coindesk.com/consensus-magazine/2024/05/03/the-dollar-won-but-might-the-us-lose-control-of-the-dollar/
Read at Coindesk
#us-dollar-dominance #international-transactions #financial-infrastructure #regulatory-impact #digital-payments
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