At the financial forum in Shanghai, Pan Gongsheng emphasized the need for a "multipolar international monetary system" where multiple sovereign currencies coexist and compete. He highlighted the growing role of the renminbi, noting that it is now the second most used currency for trade financing and the third largest payment currency in the world. Pan's statements followed comments from European Central Bank President Christine Lagarde, who suggested that the dominant role of the dollar is uncertain, which could pave the way for the prominence of the euro. $USDC