Conflux Pushes Boundaries with Offshore Yuan Stablecoin and Upgraded Blockchain Network

Chinese blockchain company Conflux has introduced a new stablecoin backed by offshore yuan. It also unveiled an upgraded public network, positioning itself at the forefront of China’s growing digital finance movement. The development was officially presented during a three-day summit held in Shanghai from July 18 to 20.

Upgraded Network to Drive Web3 Integration

At the event, Conflux revealed the third generation of its public chain, Tree-Graph 3.0, as part of a broader effort to support international blockchain adoption. Based on a report from the Shanghai municipal government, the company aims to expand its presence in global finance with this upgrade by offering infrastructure designed for high-performance digital applications.

So, what are the key improvements introduced with Conflux Tree-Graph Public Chain 3.0?

• The upgrade introduces a new storage framework and enhanced execution module to boost efficiency.
• Transaction capacity rises sharply, reaching up to 15,000 transactions per second for high-demand use.
• Native support for on-chain AI agents enables automation and smarter blockchain decision-making.
• The system supports cross-border payments and batch settlements for real-world asset transactions.
• Conflux Tree-Graph Public Chain 3.0 is set to officially launch in August 2025, marking a technical milestone.

According to Dr. Yang Guang, CTO of the Shanghai Tree-Graph Blockchain Research Institute, the upgrade cuts confirmation time from 30 to 26 seconds and adds full compatibility with the Ethereum Virtual Machine, improving interoperability.

Partnerships to Support Stablecoin Rollout

Alongside its network update, Conflux also announced the rollout of a stablecoin anchored to offshore yuan, developed in partnership with fintech company AnchorX and cybersecurity provider Eastcompeace. The coin is specifically aimed at cross-border use and will serve Chinese enterprises operating abroad, especially in regions participating in the Belt and Road Initiative.

To increase adoption, Conflux has partnered with TokenPocket. The firm, which serves over 30 million users worldwide and has more than 5 million monthly active users, is expected to help promote the Conflux ecosystem’s international presence.

In a post on X, TokenPocket stated that it intends to support the adoption of the stablecoin, improve cross-border payment systems, and expand the use of real-world asset (RWA) applications in selected international markets.

Conflux also entered into strategic partnerships with AnchorX and Eastcompeace to advance overseas pilot projects in countries along the Belt and Road. These efforts will focus on offshore RMB stablecoin issuance, cross-border settlements, and RWA applications.

The three companies—Conflux, AnchorX, and TokenPocket—plan to use these early-stage projects to develop a legally compliant and secure framework for blockchain-based financial operations.

As part of the partnership, TokenPocket_TP, Conflux_Network, and AnchorX_Ltd plan to launch pilot projects in Central Asia, Southeast Asia, and other key regions. Together, the three partners will build a compliant, secure, and innovative fintech framework to boost the role of the Conflux ecosystem as critical infrastructure for cross-border trade.

TokenPocket on X

Conflux Stablecoin Launch Aligns With Regional Regulatory Push

The release of the offshore yuan-backed stablecoin coincides with a broader regional shift towards formalizing stablecoin operations. In Hong Kong, interest in such financial products has surged, with approximately 40 companies submitting license applications to issue stablecoins. This is in line with the city’s move to introduce formal regulations for digital currency operations.

The government of Hong Kong has developed a regulatory scheme known as LEAP, under which the Securities and Futures Commission will oversee the stablecoin sector. This framework is set to take effect on August 1, 2025, marking the start of regulated issuance of stablecoins within the special administrative region.

Amid these developments, Conflux’s launch of its own stablecoin signals the shift to this aspect of digital assets, aiming to connect blockchain with real-world assets. The move is set to boost cross-border trade and make digital finance more accessible and practical for everyday use.