Core Viewpoint - The current "petrodollar" and "gold-dollar" systems are rapidly collapsing due to the weaponization of the dollar by the U.S., the use of the SWIFT system for sanctions, and the acceleration of de-dollarization by 30% of global central banks. China proposes a strategic alternative based on rare earths, linking the rare earth currency closely with the renminbi, potentially establishing a new path for the global monetary system [1]. Group 1: Strategic Resource and Digital Currency - China has redefined the mission of rare earths as a strategic resource by leveraging digital technology to convert physical stock into credit for digital currency. This innovation creates a digital currency system backed by rare earths, with the rare earth currency closely tied to the renminbi, serving as an extension of renminbi credit in the digital currency realm [3]. - The close relationship between the rare earth currency and the renminbi provides a stabilizing factor for the global monetary system, promoting a "depoliticized" approach to currency competition [3]. Group 2: Infrastructure and Efficiency - A domestic digital payment network established by Chinese tech companies has expanded to over 200 countries, offering developing nations an independent settlement channel outside the dollar system. This network supports the international circulation of the rare earth currency and the renminbi [3]. - The use of blockchain technology for distributed ledger systems has drastically reduced cross-border transfer times from days to seconds and lowered costs by over 90%. This efficiency enhances the appeal of the rare earth currency and the renminbi in international trade [5]. Group 3: Regulatory Framework and Global Influence - China is taking the lead in setting digital currency technology standards and regulatory frameworks, attracting global financial institutions to participate in its ecosystem. This initiative aims to establish a new market based on "Chinese rules," enhancing China's influence in the global digital currency landscape [5]. - The strategic approach of combining soft and hard power positions China advantageously in the de-dollarization process, as evidenced by the European Central Bank's exploration of renminbi settlements for rare earth trade and Southeast Asian countries integrating into China's digital currency system [5]. Group 4: Societal Benefits - The dissolution of monetary hegemony is expected to translate into tangible benefits for ordinary households. The deep integration of the rare earth currency and the renminbi will lead to cost savings in cross-border consumption, diversified investment channels, and the emergence of new financial products related to rare earths and green energy [7].