Helie: «The global dependence on oil is arguably shrinking and at some point oil may no longer be priced only in USD but in other currencies, as the US is more and more self sufficient in oil.

Exporters may have to gradually denominate their exports in the currency of their clients . I fully agree that will take time and I also buy your explanation of the role of reserve currency of the US dollar.

However I think it is a big mistake to use a global means of exchange as a weapon and to impose sanctions and fines such as the USD 9 bios to BNPparibas .That will imperil the dollar status as global reserve currency…

On our side we make a Stablecoin as futureproof as possible by building in flex to adjust as the global economy adjusts. The weights aren’t fixed forever, they reflect the evolving world economy.

Always happy to exchange with our community ! Thanks for your contribution»