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Despite its "mismanagement", people in shithole countries seem to prefer USD not EUR/CNY/RUB/XAU. I do hope regulation drives Tether out of business.
by wmf 1y ago
Despite its "mismanagement", people in shithole countries seem to prefer USD not EUR/CNY/RUB/XAU.
I do hope regulation drives Tether out of business.
- derangedHorse 1y agoThat's thanks to the legacy of Bretton Woods and other things like the petrodollar. It's not a result of our monetary policy or output. The US is good at war and has the benefit of convenient geography. Those are the things that hold up the hegemony we see today.