Additionally, the Dollar is applied because the standard currency from the commodity market and therefore contains a direct influence on commodity prices. Dollarization in the USD Resulting from its international acceptance, some countries like Panama and Ecuador utilize the USD as an Formal authorized tender, a exercise called dollarization. https://financefeeds.com/finra-fines-velox-clearing-1-3-million-over-aml-supervision-and-communication-failures/