For trade payments SoV is not so important as acceptance.
SWIFT is the vehicle of USD/petrodollar hegemony and it is via trade payments that USD/SWIFT dominates.
If you want to make trade payments currently you must hold USD or be excluded from the overwhelmingly dominant global trade payments protocol- SWIFT.
This is why central banks globally must hold USD- or be excluded from the dominant trade payments protocol.
Stablecoins do provide an alternative.
Nowhere are Bitcoin trade payments taken seriously.
MoE is the basis of monetary power.
For trade payments SoV is not so important as acceptance. SWIFT is the vehicle of USD/petrodollar hegemony and it is via trade payments that USD/SWIFT dominates.
If you want to make trade payments currently you must hold USD or be excluded from the overwhelmingly dominant global trade payments protocol- SWIFT. This is why central banks globally must hold USD- or be excluded from the dominant trade payments protocol.
Stablecoins do provide an alternative. Nowhere are Bitcoin trade payments taken seriously. MoE is the basis of monetary power.
SILENCE.