Tongji New Science Academician Jiang Changjun: Provide Security Guarantee for Renminbi Sound and Development

On November 18, Double Line Capital, a bank with $ 137 billion in assets, announced a report that the status of the world's most important currency, the dollar, has increased. obligations. Advances in blockchain technology could reduce the outlook for global trade and the appreciation of the US dollar. “The end of the dollar has begun,” said Bill Campbell, who manages Dual Line Capital's global financial services contract. The new financial system is busy reshaping the global currency and payment systems. " Campbell said the rapid growth of blockchains and coin stability (digital currencies tied to fiat currencies) provided an alternative to the U.S. dollar for international payments and settlements. He said this comes at a time when the United States has stepped down from its role as an international trade consultant and the rise of regional trade has prompted bank intermediaries to replace their insurance policies with benefits from their trading partners. .