Conflux Tree Graph Public Chain announced its participation in the Belt and Road "Offshore RMB" issuance, CFX pumped 40%

Conflux Tree Graph public chain announced a technical upgrade to version 3.0 in August, and announced the latest progress in promoting the issuance of RMB stablecoin along the "Belt and Road" initiative, driving the token to soar. (Background: Tsinghua University in Beijing confirmed that Conflux is developed by the university, with CFX jumping 12%! Collaborating with China Telecom on blockchain SIM cards) (Additional background: JD.com and Ant Group are lobbying the People's Bank of China to issue offshore "RMB stablecoin" in Hong Kong, impacting the dominance of the US dollar) According to reports from Chinese media, the Conflux Tree Graph public chain, led by a Chinese research team with a background from Tsinghua University, announced today (20th) at its technology and ecological development conference that the Tree Graph public chain 3.0 will welcome a new upgrade in August and plans to promote the issuance of RMB stablecoin in countries along the "Belt and Road" initiative. The domestic public chain is stepping onto the international stage, with RMB stablecoin becoming a key pilot project. According to official statements, since its inception, the Conflux Tree Graph public chain has processed 170 million transactions, covering 25 million users globally and over 40 countries, and has established cross-chain bridges with dozens of mainstream public chains. The upcoming 3.0 version launching in August will significantly increase transaction throughput to 15,000 TPS and will natively support AI intelligent entities, cross-border payments, and RWA (real-world asset) bulk settlements, aiming to create a "digital highway" for Web3. Notably, in addition to the technical upgrade, Tree Graph has signed strategic cooperation agreements with companies such as AnchorX and Dongxinheping, planning to promote the issuance of offshore RMB stablecoin and cross-border settlement in "Belt and Road" cooperation countries in Central Asia and Southeast Asia, becoming a potential testing ground for the internationalization of digital RMB. The Tree Graph team emphasized that in the future, they will promote a financial technology model that integrates technology, compliance, and security in countries along the "Belt and Road". This not only verifies the international competitiveness of Chinese blockchain technology but also aims to provide more efficient and reliable infrastructure for cross-border trade in the global stablecoin and RWA application fields. Conflux jumped 40% benefiting from the development of offshore RMB by Conflux, and the chain token CFX surged over 40% after the news broke, reporting at $0.14 before the deadline. Related reports: "XRP reserves" China commuting business Webus obtained Ripple Strategy's "$100 million credit" to All in Ripple, WETO's stock price jumped 87%. The first "2x XRP leveraged" fund in the US launched, analysts: Approval of Ripple's spot ETF is just a matter of time. Ripple and SEC's settlement "recovers $75 million in fines", experts: indicative of XRP spot ETF approval. <Conflux Tree Graph public chain announces participation in the issuance of "offshore RMB" along the Belt and Road, CFX jumps 40%> This article was first published on BlockTempo, the most influential blockchain news media.