According to sources related to CFX, China may be about to allow the use of RMB-supported stablecoins for the first time, with Shanghai expected to become a pilot area for this type of cryptocurrency application. In this context, AxCNH under Conflux Tree is likely to be a core beneficiary. CFX sources indicate that China is preparing to allow the issuance and use of stablecoins backed by the RMB for the first time and plans to carry out cryptocurrency-related pilot projects in Shanghai. If this initiative is implemented, AxCNH under Conflux Tree is expected to gain the most benefit. Sources (from CFX) state that China is considering giving the green light for RMB-supported stablecoins for the first time, while also planning to advance cryptocurrency pilot projects in Shanghai. Under this dynamic, AxCNH under Conflux Tree is seen as the potential largest beneficiary. $CFX