USAT: Bring the Dollar Home
Oil. Aircraft. Machinery. Computers. Pharmaceuticals. Intellectual property. These are some of America’s most recognizable exports. But perhaps the most famous of all sits a layer below – the American dollar. In 2024, dollars represented nearly 60% of disclosed global foreign exchange reserves and roughly half of international payments through SWIFT. Over the past decade, however, something unusual has happened to that export. One of the most important experiments in the future of the America...