Dollar-denominated stable coins, led by battleship tether with a volume of 118 billion dollars, are penetrating the digital economy and overshadowing other currencies. Stable euros or other currencies play no role at all here. Countries such as Argentina are dollarizing, African states are issuing dollar-denominated government bonds.
Today Bulgaria announced its intention to issue a USD denominated government bond in order to finance its deficit - and this in the inheritance court of the eurozone Europeans. Anyone who is longing for the death of the dollar or has predicted it in the near future has been proven wrong. King dollar is having a strong few days!