The report shows that Libra will not become a super-sovereign currency and cannot defeat the dollar hegemony.

On June 19th, the General Information Institute released an in-depth report "Facebook Money, Libra can be converted into a super sovereign currency? According to Libra's mechanism, the simplest benchmarking mechanism is SDR, which can create credit, which will help Facebook to increase the ecological viscosity and further expansion. However, Libra will not become a super-sovereign currency, can not obtain the income of the coinage tax, can not defeat the dollar hegemony, will not become the central bank of the global digital economy, has no independent monetary policy ability, and cannot decouple the sovereign currency.