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Conflux Launches Offshore Yuan-Backed Stablecoin for Belt and Road Initiative

Conflux Launches Offshore Yuan-Backed Stablecoin for Belt and Road Initiative

Published:
2025-07-22 14:19:02
20
3
BTCCSquare news:

Conflux, a Shanghai-based blockchain platform, unveiled a new offshore yuan-pegged stablecoin during its Conflux 3.0 upgrade event. The 1:1 fiat-backed digital asset targets cross-border settlements for nations participating in China's Belt and Road Initiative.

The partnership with fintech firm Anchorx positions this as a strategic MOVE to expand yuan liquidity in emerging markets through blockchain infrastructure. No immediate exchange listings were announced.

|Square

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