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![_ZoneCrypto_ Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1695804338692653056.png) ZoneCrypto [@_ZoneCrypto_](/creator/twitter/_ZoneCrypto_) on x 1398 followers
Created: 2025-07-21 20:00:54 UTC

✦ Chinese blockchain Conflux is set to launch an offshore yuan-backed stablecoin for cross-border payments:

Conflux, a Chinese blockchain, has introduced its Conflux XXX network alongside a new offshore yuan-backed stablecoin aimed at enhancing cross-border payments related to the "Belt and Road" initiative. This announcement was made during a three-day conference, where Conflux also revealed partnerships with AnchorX and Eastcompeace to facilitate the stablecoin's launch. The stablecoin follows AnchorX's recent approval for its yuan-pegged stablecoin AxCNH by Kazakhstan’s regulatory body.


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**Related Topics**
[coins stablecoin](/topic/coins-stablecoin)
[conflux](/topic/conflux)
[blockchain](/topic/blockchain)

[Post Link](https://x.com/_ZoneCrypto_/status/1947386323788304568)