$CFX is known as the first domestic public chain CFX, which is set to welcome its 3.0 upgrade in August and has the support of the Shanghai government, targeting the stablecoin market. So, what advantages does CFX have?

The premise is crucial, look here, CFX's tree graph will upgrade to 3.0 in August, launching an offshore RMB stablecoin! Is CFX the next Ethereum? Next, let's look at a few core elements.

CFX's sharp sword in hand - Chinese background.

However, CFX's headquarters is a licensed financial company located in Chicago, USA. The reason for mentioning the Chinese background is that CFX's underlying core technology, the 'Tree Graph Research Institute', is a non-profit organization based in Shanghai, China. Essentially, it is two companies.