China Takes a Step Forward: Conflux Launches Yuan Stablecoin AxCNH for the Belt and Road Initiative
On July 22, 2025, the Chinese blockchain company Conflux announced the launch of the AxCNH stablecoin, pegged to the offshore Chinese yuan (CNH), simultaneously with the release of the third version of its public network, Conflux 3.0. This project aims to simplify cross-border payments as part of China's global Belt and Road Initiative (BRI), which could radically change settlements between countries in Asia, Africa, and Europe. The announcement was made at a three-day conference organized by the Shanghai Municipal Government.
Strategic Partnerships for AxCNH
Conflux has attracted key partners from the fintech and IT security sectors to implement the project. The stablecoin is supported by fintech company AnchorX, specializing in digital payments, and Eastcompeace, a leader in information security. The crypto wallet TokenPocket also joined the initiative and plans to promote AxCNH among its users. In a post on the X platform, the TokenPocket team announced plans to launch pilot projects in Central Asia, Southeast Asia, and other key BRI regions in collaboration with Conflux and AnchorX. These partnerships create a solid foundation for the adoption of the stablecoin.
Conflux 3.0: A Technological Breakthrough
The launch of AxCNH is accompanied by the network upgrade to version Conflux 3.0, significantly boosting performance and functionality. The network can process more than 15,000 transactions per second, making it suitable for large-scale financial operations. A unique feature is its built-in support for interaction with artificial intelligence (AI) agents directly on the blockchain, opening new possibilities for decentralized finance and smart contracts. These innovations strengthen Conflux's position as a leader in blockchain technology.
Market Reaction and Token Growth
The announcement triggered an immediate market reaction: the price of Conflux's native token (CFX) rose by almost 117%, from $0.1055 to $0.2285. This surge reflects investors' confidence in Conflux's potential and the growing interest in stablecoins in international trade. AxCNH is designed to serve offshore Chinese organizations and BRI participant countries, offering a stable alternative to traditional fiat systems.
"Belt and Road Initiative": A Global Strategy
Launched by China in 2013, the Belt and Road Initiative aims to create trade and infrastructure connections between Asia, Africa, and Europe through the construction of roads, railways, ports, and digital infrastructures. AxCNH supports this strategy by providing a yuan stablecoin for cross-border settlements. The use of blockchain ensures transparency and efficiency, which can reduce costs and accelerate trade processes in BRI regions.
Prospects for International Trade
The AxCNH stablecoin can revolutionize the approach to cross-border payments by offering a reliable digital asset pegged to the yuan. Integration with the high-performance Conflux 3.0 network and AI capabilities can set a new standard for blockchain-based financial systems. The success of pilot projects in strategic regions will determine the prospects for the widespread adoption of stablecoins in global trade. However, the project will face regulatory and market challenges for sustainable growth.
Conclusion
The launch of the AxCNH stablecoin and Conflux 3.0 network represents an important step in the development of blockchain technology for global trade. Through strategic partnerships, advanced technology, and support for the Belt and Road Initiative, Conflux strengthens its market position. The project's success will depend on its ability to adapt to international requirements and scale within the BRI.