Economics · 6 min
From Tally Sticks to Tokenized Ledgers: Why the Dollar Still Dominates and Where the Cracks Are Forming
Money did not begin as a spreadsheet or a blockchain. It began as memory. Strip away the romance and the dollar's primacy flows from an institutional stack: deep collateral markets, reliable settlement, and legal recourse at scale. But the story is not static.
M Azim Abdul Majeed · 2025-09-18