Summary
- Chinese fintech firm AnchorX said it launched the yuan stablecoin AxCNH.
- It said AxCNH is a stablecoin with an overcollateralized structure and was unveiled at the 'Belt and Road Summit' in Hong Kong.
- The token is expected to be used for cross-border payments and trade between countries.
On the 22nd, according to crypto asset (cryptocurrency) media Cointelegraph, Chinese fintech firm AnchorX launched AxCNH, a yuan stablecoin dedicated to cross-border transactions.
AxCNH is an overcollateralized stablecoin and was unveiled on the 17th at the 'Belt and Road Summit' held in Hong Kong. The token is expected to be used for cross-border payments and trade between participating countries.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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