#BTCvsETH Chinese yuan stablecoin will be launched on the Conflux network

The price of the Conflux cryptocurrency skyrockets after this news.

Additionally, Conflux announced the launch of Conflux 3.0, scheduled for August. This update promises to increase the network's capacity to 15,000 transactions per second (TPS). The improvement will also allow large-scale settlement of international payments and real assets.

The announcement drove the price of CFX, the native cryptocurrency of Conflux, from $0.10 on Saturday to $0.22 today, representing a 120% increase. This surge reflects market interest in stablecoins and network improvements.