So, Conflux, this Chinese blockchain platform, has just dropped a bombshell. They’ve launched a new offshore yuan-backed stablecoin during their Conflux 3.0 network upgrade shindig in Shanghai. 🎉
This shiny new stablecoin is pegged 1:1 to the offshore Chinese yuan. It’s like the cool kid on the block, making cross-border payments a breeze, especially for those countries playing nice with China’s Belt and Road Initiative. Conflux has teamed up with fintech firm Anchorx to make this magic happen. The Conflux 3.0 upgrade is a beast, handling over 15,000 transactions per second and throwing in some onchain artificial intelligence agent calls for good measure. The initiative is a big wink to the growing love for stablecoins in China, as regulations get cozier with digital currencies. And let’s not forget Hong Kong’s new licensing regime for stablecoin issuers – it’s like the wild west out there! 🌵
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2025-07-22 14:17