Global US dollar safety net is changing? Europe discusses to create an alternative solution to the Federal Reserve liquidity mechanism.

According to the Zhixian Financial APP, several informed officials disclosed that the European Financial Stability Department is discussing a new mechanism for US dollar liquidity, which involves pooling US dollar reserves held by non-US central banks as an alternative to the Federal Reserve's US dollar swap and emergency lending mechanism. This move aims to reduce Europe's dependence on US dollar support from the Federal Reserve against the backdrop of increasing policy uncertainty in the Trump administration.