- Fixed price stablecoin in 1:1 with offshore Chinese yuan.
- 3.0 upgrade facilitates 15,000 transactions per second, settlement of real-world assets
- Global adoption of stablecoins is powered by strategic partnerships with TokenPocket and AnchorX.
Conflux blockchain launched an offshore yuan-pegged stablecoin and announced its upcoming significant 3.0 network upgrade, which focus on cross-border payments in countries covered by the Belt and Road Initiative. This partnership, which fully corresponds to the Chinese aspirations of joining the global financial system, makes Conflux a provider of scalable blockchain services.
The 3.0 version of Conflux, the so-called Tree Graph, has a transaction processing rate of 15,000 TPS. The new network is native to AI agent calls and seeks to simplify real-world asset settlement. Such strategic upgrades are aimed at increasing the use of the platform as a cross-border monetary infrastructure, especially in the regions where Belt and Road projects are overlapped with the increasing demand of crypto payment.
Stablecoin Partnership Expands Cross-Border Reach
Source – X
Conflux is partnering with fintech firm AnchorX and mainstream wallet provider TokenPocket to promote the use of the yuan-backed stablecoin, which is called AxCNH. The offshore Chinese yuan has a 1:1 peg of this stablecoin, which is designed to support compliant, safe, and innovative fintech.
Central and Southeast Asia, along with other carefully selected international sites, will host the stablecoin trial programs. The recent statement of the partnership reads, Our strategic alliance provides a worldwide platform to enhance cross-border trade and introduces real-world asset settlement in the blockchain world. The result will be the use of the developed products and compliance frameworks in the most active Belt and Road markets, providing enormous new payment corridors to digital asset business.
Founded in 2018 and based in Hong Kong, TokenPocket has more than 30 million customers in different countries of the world and is currently the largest decentralized stablecoin wallet platform with over 5 million monthly active users. The solutions of the company include wallet products, on-chain smart contracts, and blockchain investments, which further define its central position in such collaborative pilots.
Conflux 3.0 Drives Utility and Growth
With the release of Tree Graph 3.0, Conflux has significantly outperformed its rivals in terms of performance. Combining advanced security and real-life asset settlement capabilities with the high throughput and AI support, the network is being further integrated with these capabilities. The purpose of these improvements is high-value, international trade use cases that are core to the Belt and Road strategy.
The thrust of Conflux to innovate stablecoin coincides with the imminent implementation of the stablecoin licensing regime in Hong Kong in just a few days. The fact that industry heavyweights like Ant Group and JD.com have asked for a licence to launch stablecoins in Hong Kong shows that digital payments related to China are moving at a rapid speed.
Having supported more than 15,000 transactions every second and developed partnerships with its ecosystem, Conflux is aimed to become a leader in blockchain-based settlement solutions in large-scale infrastructure, trade finance, and integration of digital assets.
With regulatory models changing throughout the region, the Conflux strategy focuses on technical scalability as well as payment adoption by the market. The stablecoin and upgrade projects will pass at a time when there is a projected demand of yuan-backed digital assets across Asia and the rest of the world, and the 3.0 mainnet launch will occur in August.
