Conflux Tree Diagram collaborates to promote the offshore RMB stablecoin pilot, supporting cross-border payments for the "Belt and Road" initiative.

The domestic public chain Conflux (Tree Graph) in China is moving towards a new stage, not only launching a major network upgrade "Conflux 3.0" in August but also collaborating with AnchorX and Dongxin Pinghe to jointly promote the pilot project of the stablecoin AxCNH, which is pegged to the offshore RMB, in countries along the "Belt and Road" initiative. This move will enhance cross-border Settlement efficiency, consolidate the internationalization of the RMB, and create policy synergy with the upcoming "Stablecoin Regulation" in Hong Kong.

Shu Tu Public Chain 3.0 is about to go live, TPS increased to 15000 From July 18 to 20, the "Conflux Tree Graph Technology and Ecological Development Conference" was held in Shanghai, where the brand new Conflux 3.0 version was released, marking an important upgrade for this Chinese independent public chain system developed by the Tsinghua University research team. Conflux 3.0 will achieve a leap in performance, with TPS reaching 15,000 and transaction confirmation time reduced to 26 seconds, while natively supporting AI agent calls and RWA batch settlements, becoming a "digital highway" supporting Web 3.0 scenarios.

According to Conflux, it currently has over 25 million global users and has processed a total of 170 million transactions. It has formed a complete Web3.0 ecosystem covering DeFi, RWA, social, gaming, SaaS, and more, and has established cross-chain bridges with mainstream public chains around the world, possessing international competitiveness.

Renminbi stablecoin "AxCNH" pilots in Belt and Road countries At the conference, Conflux announced that it will collaborate with fintech company AnchorX and Dongxinheping to promote the offshore RMB-pegged stablecoin "AxCNH" in Central Asia, Southeast Asia, and other countries along the "Belt and Road" initiative. This stablecoin will serve cross-border payments and international trade, aligning with China's financial policy direction for promoting RMB settlement overseas.

The three cooperating parties stated that the project will build a "technology-compliance-security" trinity standard system for stablecoin, providing infrastructure support for RWA on-chain, stablecoin trading, and cross-border Settlement. The official website of the Shanghai Municipal Government also released relevant information, indicating that the project has received recognition at the policy level, reflecting a new trend of Chinese financial technology "going global."

Responding to Global Regulatory Trends, the Conflux Ecosystem Rides the Momentum The promotion of this stablecoin comes as Hong Kong's "Stablecoin Regulation" is set to take effect on August 1, establishing a licensing mechanism for issuers of stablecoins pegged to fiat currencies. Hong Kong's Financial Secretary Paul Chan has indicated that the initial issuance of stablecoin licenses will be in single digits, emphasizing compliance and risk management.

At the same time, former Chinese Vice Minister of Finance Zhu Guangyao recently called for the inclusion of the Renminbi stablecoin in the country's top-level design, using Hong Kong as a regulatory sandbox to accelerate the promotion of digital Renminbi international Settlement. He pointed out that the US dollar stablecoin has become a new phase of US dollar hegemony, and China needs to seize the strategic high ground of stablecoins.

The actions of Conflux and its partners are a market response to this, and combined with the policies of Hong Kong and the mainland, as well as the application scenarios of the "Belt and Road" initiative, it is expected to promote the widespread adoption of the renminbi stablecoin in international payments.

CFX price skyrockets, market responds positively Due to positive news, Conflux's native token CFX has increased by 57% in the past 24 hours, reaching $0.22, with a total market capitalization exceeding $1.1 billion; its partner Dongxin Pinghe's stock price also rose by 10% on the Shenzhen Stock Exchange, hitting the upper limit, reflecting the capital market's high recognition of the prospects of the integration of blockchain and the internationalization of the Renminbi.

Conclusion: As the Conflux Tree Graph public chain 3.0 is about to be launched and the Chinese yuan stablecoin is being piloted in countries along the "Belt and Road" initiative, the local public chain power in China is moving towards the international stage. Combined with Hong Kong's regulatory reforms and the digitalization strategy of the Chinese yuan, stablecoins and RWA will play an increasingly important role in the future Web 3.0 era. Crypto users and developers should pay close attention to the market opportunities released by these trends.