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Morgan Stanley: Could A Banking Crisis Drive Adoption?

Empire

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The Evolution of the Dollar

I would say we are starting to see at least other times other trades being settled in non-dollar currencies, right? I don't think it's completely unreasonable to think that there might be a scenario where the dollar is no longer the global reserve currency. It's just tricky to predict in that kind of doomsday scenario and folding it, especially at that pace you suggested. We're working really hard here to try to build trust again because that's going to be a big theme going forward here.

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