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
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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