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Conflux Launches Offshore Yuan-Backed Stablecoin for Countries in China’s Belt and Road Initiative
22.7.2025
Conflux, a Chinese blockchain platform, has announced the launch of a new offshore yuan-backed stablecoin during its Conflux 3.0 network upgrade event in Shanghai. This stablecoin, pegged 1:1 to the offshore Chinese yuan, aims to facilitate cross-border payments, particularly for countries involved...
Chinese blockchain Conflux launching offshore yuan-backed stablecoin
21.7.2025
Chinese blockchain Conflux launched Conflux 3.0 network and unveiled a new offshore yuan-backed stablecoin targeting “Belt and Road” cross-border payments
Chinese blockchain Conflux launching offshore yuan-backed stablecoin
21.7.2025
Chinese blockchain Conflux launched Conflux 3.0 network and unveiled a new offshore yuan-backed stablecoin targeting “Belt and Road” cross-border payments
Chinese blockchain Conflux to launch offshore yuan-backed stablecoin
21.7.2025
Chinese blockchain Conflux has launched Conflux 3.0 and unveiled a new offshore yuan-backed stablecoin targeting “Belt and Road” cross-border payments
JD.com, Ant Group Push for Yuan-Based Stablecoins to Counter Dollar Rule: Reuters
4.7.2025
They propose launching stablecoins in Hong Kong backed by the offshore yuan, aiming to boost the Chinese currency's global role
Team Behind Offshore Yuan, Hong Kong Dollar Stablecoins Detained by Chinese Police: Report
31.5.2023
Earlier this year KuCoin closed a $10 million funding round into CNHC
KuCoin Has Closed a $10M Funding Round Into CNHC. But Is the Offshore Yuan Right for a Stablecoin?
15.3.2023
Circle Ventures, the venture arm of the USDC-issuer, and IDG Capital also joined the round
Wells Fargo, HSBC Add Offshore Yuan to Blockchain Foreign-Exchange System
17.11.2022
The system started operating almost a year ago with the U.S. and Canadian dollars, British pound and euro and has settled over $200 billion in transactions
Yuan Taps New Low Versus US Dollar as Investors React to Endorsement of Chinese President’s Third-Term Bid
25.10.2022
The Chinese yuan’s offshore exchange rate against the U.S. dollar fell to a new all-time low of 7.33:1 just over a day after the conclusion of the Chinese Communist Party’s congress which gave President Xi Jinping the mandate to lead the country for the third time. Concerns over...