It formally recognized the gold standard, making sure that the dollar’s value was directly tied to a certain degree of gold. Past its financial capabilities, the dollar is a robust image of American society and international affect. The phrase “almighty dollar” reflects its perceived value in shaping international economies https://financefeeds.com/tokenised-gold-moves-toward-institutional-use-as-trading-and-collateral-instrument-says-acuiti-report/