Besant: The Strength of the Dollar Comes from Credibility and Policy Certainty

U.S. Treasury Secretary Besant stated that the dollar continues to be strong as a reserve currency, with the growth in global trading volume reflecting the credibility of the U.S. system and government actions. Besant pointed out during a congressional hearing that a strong dollar is not just about price performance, but is a manifestation of multiple behaviors. He mentioned that the government has established certainty in regulation, taxation, trade, and energy during its term, attracting trillions of dollars to the U.S. Despite countries like Russia reducing their foreign exchange reserves, other nations are still actively increasing their dollar holdings.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.