One World, One Currency: Could It Work?
Even as countries aim to reduce dependency, the dollar was the most widely held reserve currency in 2022. The dollar is just one of the world's 185 currencies according to the International Standards Organization List, but most of these currencies are only used inside their own countries. To promise holders that every $1 they put in will remain worth $1, stablecoin issuers hold a bundle of assets in reserve, usually short-term securities such as cash, government debt or commercial paper. Calls for a One World Currency Learn more about Xe, our latest money transfer services, and how we became...
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