The dollar remains dominant, with the euro and renminbi stuck in a fragmented second tier. Innovations like dollar-backe | Hanami
The dollar remains dominant, with the euro and renminbi stuck in a fragmented second tier. Innovations like dollar-backed stablecoins could entrench that dominance further. Rivals could still catch up by embracing innovation, though a multipolar system might prove more fragile in a crisis, from @gordonliao, @EswarSPrasad, and Tony Zhang https://t.co/SMZM6jOV0Z