Conflux Unveils Offshore Yuan-Backed Stablecoin and Enhanced blockchain Network

Introduction to Conflux’s New Developments

In a significant move for the digital finance landscape, Chinese blockchain firm Conflux has launched a stablecoin backed by offshore yuan. This announcement coincided with the introduction of an upgraded public network, marking a pivotal moment in China’s digital finance evolution. The unveiling took place during a three-day summit in Shanghai from July 18 to 20.

Key Highlights of the Launch

Offshore Yuan-Backed Stablecoin

• Conflux’s new stablecoin is designed to facilitate cross-border transactions, particularly benefiting enterprises involved in the Belt and Road Initiative.
• The stablecoin aims to streamline payment processes for Chinese businesses operating internationally.

Tree-Graph 3.0: A Technological Leap

• The latest iteration of Conflux’s public chain, Tree-Graph 3.0, was introduced to enhance global blockchain adoption.
• Key improvements include:
  • A revamped storage framework and execution module for increased efficiency.
  • A transaction capacity that can handle up to 15,000 transactions per second, catering to high-demand applications.
  • Native support for on-chain AI agents, enabling smarter automation and decision-making.
  • Enhanced capabilities for cross-border payments and batch settlements for real-world asset transactions.
• The official launch of Tree-Graph 3.0 is scheduled for August 2025, representing a significant technical advancement.

Partnerships to Enhance Adoption

• Conflux has formed strategic alliances with fintech company AnchorX and cybersecurity firm Eastcompeace to support the stablecoin’s rollout.
• These partnerships aim to promote the stablecoin’s use among Chinese enterprises abroad, especially in regions involved in the Belt and Road Initiative.
• TokenPocket, with a user base exceeding 30 million, will play a crucial role in expanding the stablecoin’s international reach and enhancing cross-border payment systems.

Regulatory Context and Future Outlook

Aligning with Regional Regulatory Trends

• The launch of the offshore yuan-backed stablecoin aligns with a broader trend in the region towards formalizing stablecoin operations.
• In Hong Kong, regulatory interest in stablecoins has surged, with numerous companies applying for licenses to issue these financial products.
• The Securities and Futures Commission in Hong Kong is set to oversee the stablecoin sector under a new regulatory framework, effective August 1, 2025.

Conclusion

Conflux’s introduction of its offshore yuan-backed stablecoin signals a transformative shift in the digital asset landscape, aiming to bridge blockchain technology with real-world applications. This initiative is poised to enhance cross-border trade and make digital finance more accessible for everyday transactions.

Author Information

Ifeoluwa O. is a seasoned writer specializing in Web3 and marketing, with over five years of experience in creating insightful content. He is also an active cryptocurrency trader, skilled in technical, fundamental, and on-chain analyses.

Disclaimer

The opinions expressed in this article are solely those of the author and should not be considered as investment advice. Readers are encouraged to conduct their own research before making any investment decisions.

Disclaimer: This article is provided for informational purposes only and does not constitute financial advice. Readers are encouraged to conduct their own research before making any investment decisions.