balance sheet capacity is heavily dependent on regulations (e.g. Basel III & local)

hybrid intermediation systems facilitate access to the payment and credit channels

SWIFT, FedWire and digital private USD claims like stablecoins & PayPal facilitate USD's movement and usage

Illya Gerasymchuk 2025-08-11 20:27

liquidity means availability, thus it comes down to being able to:

1️⃣ access USD credit
2️⃣ settle payments in USD

this means balance sheet capacity and hybrid technological intermediation systems in place