I understand the United States’ role in the global economy, with the Intranet origin being a US Govt. project. But still, why is this the standard? Is it just culture being the answer?
(100% willing to accept DMs that are not ELI5ed)
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What do you mean by societal standard? Which society or societies? In what way is it a standard?
I’m not American and USD is not at all relevant in my life unless I’m maybe buying shares in US companies (and even then it’s mostly relevant for me to convert to local currency)
USD is a very common reserve currency and the most widely circulated on the planet I think but that’s mostly just because the US is and has been an economic superpower for quite a long time now. It’s mostly the relative stability and reliability of a currency that might make others use it for some things and the world’s biggest economy with no signs of any sudden sharp decline is of course going to be most popular for that. But there is no standard and USD is only most common for these things.
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