Tag: global reserve currency

Singapore's pioneering blockchain-backed currency, driven by Project Guardian, is transforming Asian trade and challenging the U.S. dollar's worldwide dominance. Spearheaded by the Monetary Authority of Singapore, this initiative tokenizes properties, making it possible for instant, low-cost cross-border transactions. By bypassing traditional dollar-based systems like SWIFT, it empowers ASEAN economies, improving trade volumes by 15% and…