๐ Conflux unveils Offshore Yuan-Pegged Stablecoin & Major Network Upgrade๐จ๐ณ
๐ Event Recap: Shanghai Conference
During a three-day event in Shanghai (July 18โ20, 2025), Chinaโs public blockchain Conflux Network announced a new offshore yuan-backed stablecoin, pegged 1:1 to the offshore Chinese yuan (CNH). Developed with AnchorX and Eastcompeace, the stablecoin aims to power cross-border trade for Belt and Road Initiative (BRI) countries.
๐ Regional Rollout & Expansion
Conflux is working with TokenPocket to run pilot programs in Southeast and Central Asia, fostering local adoption. Meanwhile, AnchorX reportedly secured โin-principle approvalโ from Kazakhstanโs Astana Financial Services Authority for the issuance of a stablecoin, possibly related to the new AxCNH.
โ๏ธ Tech Boost: Conflux 3.0 Upgrade
The network also introduced its Conflux 3.0 upgrade, set to launch in August 2025. This upgrade brings:
โก 15,000+ TPS throughput
๐ค On-chain AI agent functionality
๐๏ธ Real-world asset tokenization capabilities
These features are designed to support high-volume financial applications and enterprise-grade blockchain infrastructure.
๐ Market Reaction
Following the announcement, CFX, Confluxโs native token, soared over 115%, reaching a $1B+ market cap ๐ฐ and reentering the top-120 crypto assets. However, after initial hype, CFX has pulled back ~15% in the last 24 hours ๐, reflecting typical post-rally profit-taking.
๐งญ Strategic Significance
As Hong Kongโs stablecoin licensing regime goes into effect August 1, 2025, Conflux is reinforcing its position as Chinaโs only regulatory-compliant public blockchain , bridging onshore policy frameworks with offshore digital innovation. This move aligns with China's broader push for BRI-aligned financial technologies, signaling Conflux's central role in regional crypto-financial infrastructure.
๐ Is Now a Good Entry Point?
With strong real-world use, scalable tech, and regional regulatory support, $CFX may be undervaluedโespecially before the Conflux 3.0 launch in August.
