Bankless discovers eurodollars - Interesting episode of Bankless, interview with Nick Carter, all about the Eurodollar system. Lots of interesting titbits, like the fact that there are 4 times as many eurodollars in the world as actual dollars, that they are issued by private non-US banks, that they enable global trade, they aren't backed by actual real dollars, and that the FED has very limited control. They make the case that crypto dollars, a.k.a stablecoins, will become the successor to the eurodollar.
It seems a bit odd to me that the Bankless guys are only discovering this central pillar to the global financial system now. #