Nouriel Roubini oversees the development of tokenized dollar replacement
-Roubini is helping to launch a security token that will act as a “more resilient dollar.”
-The token will be backed by real-world assets, including short-term United States Treasury bonds, gold, and real estate investment trusts.
-The offering will be aimed at major investors like sovereign wealth funds, pension funds, and possibly central banks exposed to dollar-backed assets.
-Roubini believes that the current global socio-economic climate is putting pressure on the U.S. dollar, which could sharply weaken the fiat currency over time.
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