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I imagine part of it is reducing the incentive for nation state actors to engage in counterfeiting.[1]

[1]: https://en.wikipedia.org/wiki/Superdollar




I don’t really buy that. USD is still sufficiently used (in cash) in high denominations. Reducing that usage to the point that it deters counterfeiting would presumably reduce the impact of the dollar globally, which is likely against the US’s national interest.




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