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A comment on Fintech dystopia. Parent comment

Re:Fintech dystopia by wmf on Tuesday July 29, 2025 @11:03AM (#44724290)
Despite its "mismanagement", people in shithole countries seem to prefer USD not EUR/CNY/RUB/XAU.

I do hope regulation drives Tether out of business.

[ Parent | on HN ]
Re:Fintech dystopia by derangedHorse on Tuesday July 29, 2025 @02:36PM (#44726831)
That's thanks to the legacy of Bretton Woods and other things like the petrodollar. It's not a result of our monetary policy or output. The US is good at war and has the benefit of convenient geography. Those are the things that hold up the hegemony we see today.
[ Parent | on HN ]