Discover How Conflux Network’s Bold Moves Boosts CFX Value
Main Idea
Conflux Network announced collaborations and upgrades, including a stablecoin initiative and the upcoming Conflux 3.0 launch, leading to a significant price surge for CFX.
Key Points
1. Conflux Network announced a collaboration with AnchorX and involvement in Belt and Road Initiative (BRI) countries, with Conflux 3.0 set to launch in August offering 15,000 TPS.
2. AnchorX is testing an offshore yuan-backed stablecoin, 'AxCNH', to boost digital yuan adoption in BRI markets like Singapore, Malaysia, Kazakhstan, and Indonesia.
3. Following the announcements, CFX's price surged over 100%, reaching $0.2405, reflecting increased investor confidence.
4. Hong Kong's stablecoin licensing regime, effective from August 1st, supports Conflux's ecosystem, despite stablecoins remaining banned in mainland China.
5. Conflux 3.0's high transaction capacity (15,000 TPS) is designed to facilitate large-scale payments, enhancing its position among major Asia-based blockchain projects.
Description
Conflux Network partners with AnchorX for a yuan-backed stablecoin. CFX value more than doubles following the stablecoin announcement. Continue Reading: Discover How Conflux Network’s Bold Moves Boosts CFX Value The post Discover How Conflux Network’s Bold Moves Boosts CFX Value appeared first on COINTURK NEWS .
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