Thank you, Beth Anne, and I would like to welcome everyone to the fifth installment of this Conference on the International Roles of the U.S. Dollar.1 Over the years, this gathering has aimed to bring together different perspectives to better understand the forces shaping the dollar's central role in the global financial system. Last year's conference, for instance, focused on global investor allocation to U.S. safe assets and their liquidity in a time of geopolitical and technological change. This year, we are here to discuss the implications of financial innovations, especially digital assets such as stablecoins, ... (full story)