The latest Long Read is "Crypto Dollars and the Evolution of Eurodollar Banking" by Avi Felman and Max Bronstein.

This piece covers:

• The Dollar Milkshake Theory
• Why the demand for the US dollar remains so high
• Why demand for dollars is increasing rather than decreasing
• What "eurodollars" are
• What the shadow banking system is
• How eurodollars and shadow banking contribute to USD demand
• How stablecoins and cryptodollarization could create demand for crypto