Stablecoins – Upgrade for the Eurodollar system
A growing acceptance of Stablecoins could be the next step in a global financialisation, after private actors started to create dollar derivatives in the 1960s. Will crypto-dollarization lead to an upgrade of the Eurodollar system? It sounds paradoxical at first glance: while the Fed creates masses of dollars out of nothing, the greenback is not […]