Conflux has officially become the bridge for compliant CNH payments. Through @AnchorXLtd's AxCNH, Conflux is becoming the preferred blockchain for compliant stablecoins in Asia. AnchorX has just received regulatory approval in Kazakhstan to issue $AxCNH, a stablecoin pegged to the Chinese Yuan. This opens up a new era for cross-border payments.
Why is this important? Trade settlement between China and Central Asia exceeds 31 billion US dollars. AxCNH will help offshore Chinese companies facilitate trade payments. This development is a significant step in promoting the adoption of regulated stablecoins in the rapidly growing digital economy in Asia.
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Conflux has officially become the bridge for compliant CNH payments. Through @AnchorXLtd's AxCNH, Conflux is becoming the preferred blockchain for compliant stablecoins in Asia.
AnchorX has just received regulatory approval in Kazakhstan to issue $AxCNH, a stablecoin pegged to the Chinese Yuan. This opens up a new era for cross-border payments.
Why is this important? Trade settlement between China and Central Asia exceeds 31 billion US dollars. AxCNH will help offshore Chinese companies facilitate trade payments. This development is a significant step in promoting the adoption of regulated stablecoins in the rapidly growing digital economy in Asia.