dForce Proposes Integration of AnchorX’s Yuan-Pegged Stablecoin $AxCNH
dForce, a leading DeFi infrastructure provider, has unveiled a proposal to integrate AnchorX's offshore Chinese Yuan-pegged stablecoin, $AxCNH, into its ecosystem. The MOVE begins with deployment on Conflux blockchain via Unitus Finance, positioning dForce as a pioneer in CNH-related decentralized finance.
The Hong Kong-based fintech firm's stablecoin, approved by Kazakhstan's AFSA regulator in July 2025, maintains a 1:1 peg to CNH with full redeemability and transparent reserves. The integration WOULD enable borrowing and depositing of $AxCNH, advancing dForce's strategy to become the gateway for compliant on-chain CNH yield.