Stabledollars: The Third Act of Dollar Reinvention

Eight decades of dollar history can be read as a three-act play.Act I was the Eurodollar—off-shore bank deposits that sprang up in 1950s London so the Soviet bloc, European exporters, and eventually every multinational could hold dollars outside U.S. regulation, spawning a multi-trillion-dollar shadow banking base source: https://www.coindesk.com/opinion/2025/05/06/stabledollars-the-third-act-of-dollar-reinvention