Could Stablecoins Become the New US Dollar Financial Anchor?

Cover Story
Could Stablecoins Become the New US Dollar Financial Anchor?  

Since the termination of the US gold standard in the early 1970s — a system in which the US dollar was fixed to a specific weight of gold — the US dollar has served as the world’s de facto reserve anchor currency.  However, this could be about to change.  In an increasingly fragmented global financial system, while stablecoins could help to sustain US dollar dominance, the debate on the future of global finance also needs to factor in not only which central bank issues the global monetary system’s “anchor” asset, but also on which infrastructure value circulates.

Thought Leaders
FSDC Plays a Key Role in Ensuring Hong Kong Stands Firm as a Top Global Financial Centre

Established in 2013 as a high-level, cross-sectoral advisory body, the Financial Services Development Council (FSDC) works closely with industry participants to set strategic direction, conduct research, advise on policy direction by formulating strategies, promote Hong Kong’s status as a leading global financial centre, and nurture future talent in finance.

China World
Hong Kong: The Gateway for the Chinese Mainland's Offshore Wealth Management Needs

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Change Horizons
Green Fintech Symposium Shone the Spotlight on Innovative Sustainable Investing Practices

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Fintech 
Raising Financial Crime Resilience

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Knowledge Plus
Talent Development Awards Recognise DBS Bank's Innovative Talent Development Strategies

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