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It is also good to check with number examples about the interest of operating in USD, it is like the interest of using USB Type C or other standard plugs instea
by wslh 2y ago
It is also good to check with number examples about the interest of operating in USD, it is like the interest of using USB Type C or other standard plugs instead of a custom one. The US stocks market cap is USD ~54T [1]. The China one is less of 1/4 of the US one. The bond market capitalization [2] is different but 62% is composed by US, China, and Japan.
[1] https://en.wikipedia.org/wiki/List_of_countries_by_stock_market_capitalization https://en.wikipedia.org/wiki/List_of_countries_by_stock_mar...
[2] https://www.icmagroup.org/market-practice-and-regulatory-policy/secondary-markets/bond-market-size/ https://www.icmagroup.org/market-practice-and-regulatory-pol...