Conflux

Stablecoin supply may reach $3.7 trillion: Industry enters explosion period
According to the latest report from Citibank, the global supply of stablecoins is expected to reach $3.7 trillion by 2030. This means that stablecoins will gradually evolve from being mere aids in crypto trading to becoming an important infrastructure in the global financial system.
Citibank points out that the key drivers of stablecoin growth include:
Regulatory Framework Gradually Improving: The US passed a stablecoin bill in March 2025, clarifying issuance and reserve standards; the EU has passed the MiCA regulation, establishing a unified regulatory system.

The current overall market environment is in a downturn stage, and influenced by Chain Param Voting Rounds 14 & 15, POW block rewards and POS benchmark yields have been adjusted upward, indirectly bringing inflation pressure over the past four months (from April 12 to August 10). Given the community's current concern about CFX inflation pressure, as well as related discussions and suggestions, the Conflux Foundation has decided to launch a new round of CFX destruction plans to further stabilize community confidence and strengthen ecological connections.
This vote will determine whether the plan is executed. If the vote passes, the Conflux Foundation will implement the destruction as soon as possible, and details and on-chain records will be announced after the destruction is completed.

1. Staking Tutorial

CFX Staking and Voting Official Website: https://confluxhub.io/governance/dashboard

1. PoW Stake

Users open the CFX Staking and Voting official website and click the upper right corner to log in to their wallet account.

Click PoW Stake to enter the staking interface. The staking interface includes staking, withdrawing, and locking operations. After logging into the wallet account, users can stake CFX through the staking operation, and after staking, can withdraw CFX back to the wallet through the withdrawal operation, or lock CFX to gain voting rights through the locking operation.

(1) The left side of the interface is the staking and withdrawal operation area, and the amount available for staking is the wallet balance.

Since 2020, the zero address on the Conflux network (cfx:aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa0sfbnjm2) has accumulated over 496 million CFX.

https://www.confluxscan.org/address/cfx:aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa0sfbnjm2 7

The current overall market environment is in a downturn, and is affected by Chain Param Voting Round 14 & 15. The PoW block reward and PoS benchmark return rate have been adjusted upwards, indirectly bringing inflation pressure for nearly four months (from April 12 to August 10). Given the current community's concern about CFX inflation pressure and related discussions and suggestions, in order to further stabilize community confidence and strengthen ecological connections, the Conflux Foundation has decided to launch a new round of CFX destruction plan and actively stabilize PoS yield:

Stablecoins surpass Visa: trading volume leads for the first time.
According to Bitwise's recent release (2025 Q1 Crypto Market Review), the total trading volume of global stablecoins reached $11.9 trillion in 2024, exceeding Visa's trading volume for the same period ($10.8 trillion) for the first time.

This trend indicates that the application of stablecoins in cross-border payments, on-chain settlements, and asset circulation is continuously growing, gradually forming a financial settlement system operating on a blockchain network, providing new options for the global payment system.

Tether user growth: over 30 million new users added quarterly.