Conflux partners with AnchorX to launch offshore RMB stablecoin, 3.0 network will go live in August

ChainCatcher news, according to The Block, China's Layer1 blockchain Conflux announced a partnership with AnchorX and Dongxin Pinghe Technology to issue a stablecoin "AxCNH" pegged to the offshore renminbi, serving the "Belt and Road" countries. This plan is supported by Conflux's network technology and aims to seize the development opportunities of renminbi stablecoins.

At the same time, Conflux is expected to launch its 3.0 mainnet in August, with processing capacity increased to 15,000 TPS, supporting cross-border payments and settlement of physical assets. Driven by positive news, Conflux token CFX surged 57% within 24 hours, currently priced at $0.22, with a market capitalization of $1.1 billion; partner Dongxin Pinghe's stock price also hit the daily limit in the Shenzhen stock market.