How, after the GFC, the dollar is of key importance in global finance owing to the role of US Treasuries as a safe, high-liquidity asset.
Chartbook
Chartbook 401: The dollar system in an age of market-based finance - financial globalization beyond banks (The World Economy Now, July 2025)
Adam Tooze, Shelby Cullom Davis chair of History at Columbia University and Director of the European Institute
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Stablecoins proliferating backed by US Treasury securities 100%…. FRS payments system quickly being replaced by exchangeable system of stablecoins… process accelerating…
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