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The troubles caused by Trump are not limited to the decline of the US stock market; rather, it is a triple blow to stocks, bonds, and exchange rates! Moreover, in the East, the internationalization of the renminbi has made substantial breakthroughs! China, Japan, South Korea, and the ten ASEAN countries have unanimously agreed to pass the legal framework for the Chiang Mai multilateral mechanism funded in renminbi. This mechanism is a multilateral currency swap mechanism aimed at addressing difficulties in currency circulation within the region and balancing international payment imbalances, representing an important achievement in regional financial cooperation in Asia. According to estimates from Japanese and Singaporean media, the scale is around 1.8 trillion renminbi.

What impact does the progress of renminbi internationalization have on our cryptocurrency circle? What insights do you have, experts? $BTC