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The case for the U.S. dollar's digital edge

New financial technologies are making it faster and cheaper to move money across borders, seemingly reducing the world's reliance on the dollar . But new research presented at the Jackson Hole symposium suggests financial innovation may instead tighten the dollar's grip on global finance. Financial innovation is the theme for the annual gathering of central bankers, where they're grappling with how these technologies reshape the financial system. Why it matters: Dollar dominance gives the U.S. …

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AxiosCenter·2h ago
The case for the U.S. dollar's digital edge
New financial technologies are making it faster and cheaper to move money across borders, seemingly reducing the world's reliance on the dollar . But new research presented at the Jackson Hole symposium suggests financial innovation may instead tighten the dollar's grip on global finance. Financial innovation is the theme for the annual gathering of central bankers, where they're grappling with how these technologies reshape the financial system. Why it matters: Dollar dominance gives the U.S. …
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The case for the U.S. dollar's digital edge

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