Conflux Advances Digital Finance with Offshore Yuan Stablecoin and Blockchain Upgrade

Chinese blockchain platform Conflux has taken a significant step in bridging traditional finance with digital assets by launching a stablecoin pegged to offshore yuan (CNH). The MOVE targets cross-border transactions and Belt and Road Initiative participants, offering a regulated digital alternative to USD-dominated stablecoins.

Simultaneously, Conflux unveiled its Tree-Graph 3.0 network upgrade, achieving 15,000 TPS throughput and integrating on-chain AI capabilities. The Shanghai-based summit revealed strategic partnerships with AnchorX for issuance and TokenPocket for wallet integration, creating an end-to-end ecosystem for CNH-backed digital payments.

The technical overhaul introduces a novel storage framework and optimized execution modules, positioning the network as infrastructure for high-volume Web3 applications. Municipal government reports indicate these developments align with China's broader digital currency ambitions while operating within offshore regulatory frameworks.