Chinese blockchain to launch yuan-backed stablecoin

Chinese blockchain developer Conflux has rolled out the third iteration of its public network and announced plans for a stablecoin pegged to the offshore Chinese yuan. Based on a Shanghai municipal government report, Conflux revealed these updates over a 3‑day conference held over the weekend. At the gathering, the firm said it would work with […] source: https://www.cryptopolitan.com/chinese-blockchain-launch-yuan-stablecoin/