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Jun 28, 2020

The latest Long Read is "Crypto Dollars and the Evolution of Eurodollar Banking" by Avi Felman and Max Bronstein. 

This piece covers:

  • The Dollar Milkshake Theory
  • Why the demand for the US dollar remains so high 
  • Why demand for dollars is increasing rather than decreasing 
  • What "eurodollars" are
  • What the shadow banking system is
  • How eurodollars and shadow banking contribute to USD demand
  • How stablecoins and cryptodollarization could create demand for crypto