CFX defends 0.20 USD! What are the key implications behind China's public chain Conflux participating in the issuance of "offshore RMB"?

Conflux (CFX) recently welcomed a big pump in the market, all due to this Chinese blue-chip public chain announcing its participation in the "offshore RMB" issuance, which stimulated the long positions sentiment in the encryption community. Today (22) during the Asian early session, CFX slightly retraced from its short-term high, currently reporting at 0.2089 USD, and the long positions seem to be working hard to maintain the 0.2000 USD integer level.

(Source: CoinMarketCap)

Conflux blockchain has launched an offshore stablecoin pegged to the Chinese yuan and announced an upcoming important 3.0 network upgrade, focusing on cross-border payments in countries along the "Belt and Road". This collaboration fully aligns with China's vision of integrating into the global financial system, and also positions Conflux as a scalable blockchain service provider.

Conflux 3.0 version, also known as the Tree Graph (Tree Graph), has a transaction processing speed of up to 15,000 TPS. The new network natively supports AI agent calls, aimed at simplifying asset settlement in the real world. Such strategic upgrades are intended to enhance the platform's utilization as a cross-border currency infrastructure, especially in regions with growing demand for the "Belt and Road" initiative and cryptocurrency payments.

Stablecoin collaboration expands international coverage

Conflux is collaborating with fintech company AnchorX and mainstream wallet provider TokenPocket to promote the use of the renminbi-backed stablecoin AxCNH. This stablecoin is pegged 1:1 to the offshore renminbi and aims to support compliant, secure, and innovative fintech.

Central Asia, Southeast Asia, and other carefully selected international locations will conduct a stablecoin pilot program. The cooperation statement stated: "Our strategic alliance provides a global platform to facilitate cross-border trade and introduce real-world asset settlement in the blockchain world. Ultimately, we will apply the developed products and compliance framework in the most active 'Belt and Road' markets, providing a huge new payment channel for digital asset businesses."

TokenPocket was established in 2018 and is headquartered in Hong Kong, with over 30 million customers in different countries around the world. It is currently the largest decentralized stablecoin wallet platform, with more than 5 million active users per month. The company's solutions cover wallet products, on-chain smart contracts, and blockchain investments, further consolidating its core position in such collaborative pilot projects.

Conflux 3.0 Promotes Practicality and Growth

With the release of Tree Graph 3.0, Conflux has significantly outperformed its competitors in terms of performance. The network combines advanced security and real asset settlement capabilities with high throughput and AI support, and is further integrating these capabilities. These improvements aim to meet the high-value international trade use cases at the core of the "Belt and Road" strategy.

Conflux is committed to innovating stablecoins, coinciding with the stablecoin licensing system that Hong Kong is set to implement in a few days. Industry giants such as Ant Group and JD.com are applying to issue stablecoins in Hong Kong, indicating that digital payments related to China are rapidly developing.

Conflux supports over 15,000 transactions per second and has established partnerships with its ecosystem, aiming to become the leader in blockchain-based settlement solutions for large-scale infrastructure, trade finance, and digital asset integration.

With the changes in regulatory models across the region, Conflux's strategic focus is on technical scalability and the adoption of market payments. Stablecoins and upgraded projects will coincide with the anticipated demand for digital assets supported by the renminbi in Asia and other parts of the world, with the 3.0 mainnet set to launch in August.