Currency in the Crossfire

Great Power Competition and the Future of the International Monetary System

The U.S. dollar is facing unprecedented challenges. Concerted action by Russia and China, the rise of Central Bank Digital Currencies (CBDCs), doubts about U.S. macroeconomic policies, and fierce new competition among global trading partners are posing sharp threats to the dollar’s position as the world’s global reserve currency. At the same time, digital assets — specifically, digital dollars — are playing an increasing role in global finance and commerce.

How will the U.S. navigate these uncharted waters and leverage new tools to preserve the influence, efficiency, and national security attributes of the dollar-denominated world order?

That is the question at the heart of this high-level Foreign Policy event, which featured a fireside discussion with Circle co-founder, chairman, and CEO Jeremy Allaire. Allaire shed light on digital dollars and stablecoins and ways to ensure that the U.S. dollar continues to serve a vital role in the 21st century economy. The discussion was moderated by Maggie Lake, veteran journalist and founder of Maggie Lake Media, and included a Q&A session with attendees.

In partnership with

Event Details

Top of the Hill, ROA Headquarters
1 Constitution Ave NE,
Washington, DC, 20002


Jeremy Allaire

Co-Founder, Chairman & CEO, Circle
Jeremy is responsible for strategy, vision and operating execution at Circle. He brings more than two decades of experience building and leading global internet software platfor...

Maggie Lake

Maggie Lake is a veteran journalist with more than two decades of experience covering business, technology, politics, a...
Maggie Murray Headshots
Maggie Murray Headshots