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The Struggle for Currency Supremacy

The question of whether the US dollar will be dethroned by a cryptocurrency, a stablecoin, or some other digital asset or payments system ultimately misses the point.

What really matters is the mix of possible alternatives that today’s evolving financial landscape will offer to governments pursuing a geopolitical advantage.

  • Paolo Tasca
  • Project Syndicate

A combination of geopolitical tensions and aspirations for economic autonomy is motivating Russia, China, the European Union, and others to move faster to establish new currency and financial systems.

These developments naturally…

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