Conflux Don Launch Offshore Yuan Stablecoin Plus 3.0 Upgrade
Conflux don drop dia first offshore yuan stablecoin for dia EVM-compatible network, e full backup 1:1 by CNH reserves wey dem dey keep for regulated bank accounts. The project start with fintech company dem AnchorX (wey AxCNH get in-principle approval from Kazakhstan’s AIFSA) and security vendor Eastcompeace, now e involve Bank of China and Silk Road Financial for reserve management plus AML/KYC compliance. Pilot go start dis quarter for Pakistan and Kenya, dem get plan to spread am for Southeast Asia and Africa, targeting Belt and Road Initiative participants for cheap, instant cross-border payments, e-commerce and remittances. Conflux also roll out Conflux 3.0 upgrade—wey fit deliver over 15,000 TPS plus on-chain AI agent support—wey make CFX price jump over 127%. Even though offshore yuan stablecoin and the high-performance upgrade fit boost network adoption and token demand, traders suppose watch out for regulatory clarity and market acceptance.
Bullish
Di launch of offshore yuan stablecoin for Conflux high-throughput network, join strong institutional partnerships and AML/KYC compliance, dey boost how platform fit work and demand for token. Conflux 3.0 upgrade wey happen together—wey get pass 15,000 TPS and on-chain AI support—show technical maturity and how e fit scale. Short term, the announcement carry CFX up pass 127%, show market dey very excited. Long term, the stablecoin focus on Belt and Road cross-border payments and e-commerce fit help keep network adoption and token speed, but traders suppose dey watch regulatory clarity and how e dey used for real world.