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Conflux Launches Offshore Yuan-Backed Stablecoin for Countries in China’s Belt and Road Initiative

Bitcoin.com

Bitcoin News / Bitcoin.com 122 Views

Conflux Launches Offshore Yuan-Backed Stablecoin for Countries in China's Belt and Road InitiativeConflux, a Chinese blockchain platform, has announced the launch of a new offshore yuan-backed stablecoin during its Conflux 3.0 network upgrade event in Shanghai. This stablecoin, pegged 1:1 to the offshore Chinese yuan, aims to facilitate cross-border payments, particularly for countries involved in China’s Belt and Road Initiative. Conflux has partnered with fintech firm Anchorx […]
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