@DoombergT A brand new petri dish! Australia has just elected a gov whose no. 1 policy priority is climate change. A carbon-trading scheme on big business, and spend $90B (4% of GDP) on infrastructure and new tech to reduce emissions by 43% by 2030 (levels), net-zero by 2050. No nuclear.
@seanthekelly@cocolobaEMS@DoombergT As you noted earlier he confirms a key driver is the demand for US liquidity given its reserve currency status and use in global commerce.
@cocolobaEMS@seanthekelly@DoombergT Who regulates the Eurodollar? If they are outside US regulation perhaps stable coins will also thrive outside the US regardless of US regulation. 100% USD backed stable coins do not create money. Do others increase the US money supply like the Eurodollar?