dForce Proposes Onboarding Yuan-Pegged AxCNH Stablecoin
The post dForce Proposes Onboarding Yuan-Pegged AxCNH Stablecoin appeared on BitcoinEthereumNews.com. dForce proposes integrating AxCNH, a yuan-pegged stablecoin, to expand compliant CNH yield opportunities and reshape global DeFi markets. dForce, a well-known DeFi infrastructure platform, has put forward a new proposal. The proposal suggests integrating the offshore Chinese Yuan-pegged stablecoin, AxCNH, into its ecosystem. AxCNH is issued by a fintech company based in Hong Kong – AnchorX. This stablecoin will be initially introduced on the Conflux blockchain via Unitus Finance, one of the lending markets of dForce. AxCNH Stablecoin Launches on Conflux eSpace with Growing Support To begin with, this move makes dForce an early supporter of CNH-based DeFi products. According to the proposal, this strategy helps the platform to meet its goal of becoming the “Gateway to Compliant CNH Yield on Chain.” Although currently AxCNH has a low liquidity and trade activity, the long-term prospects of this look promising. As more people are interested in using CNH stablecoins, early adoption may bring about some great benefits. Related Reading: Intense Demand for Hong Kong’s New Stablecoin Licensing Program | Live Bitcoin News In addition, AnchorX is already recognized as a regulatory pioneer. In June 2025, the company got a stablecoin-related approval by the Astana Financial Services Authority (AFSA) of Kazakhstan. This was an important step for its expansion in the world. AxCNH launched (July of 2025) on Conflux eSpace, with liquidity pools now live on Swappi DEX. Despite a small market cap, the stablecoin is well backed by CNH reserves and redeemable at a 1:1 ratio. Moreover, dForce believes that CNH stablecoins can form a major part of the global DeFi market. China’s overall ambition to pursue yuan internationalization is supportive of this trend. After a significant fall in the US dollar in early 2025, there was an increase in the interest in alternatives such as CNH. Financial institutions and tech…
The post dForce Proposes Onboarding Yuan-Pegged AxCNH Stablecoin appeared on BitcoinEthereumNews.com.
dForce proposes integrating AxCNH, a yuan-pegged stablecoin, to expand compliant CNH yield opportunities and reshape global DeFi markets. dForce, a well-known DeFi infrastructure platform, has put forward a new proposal. The proposal suggests integrating the offshore Chinese Yuan-pegged stablecoin, AxCNH, into its ecosystem. AxCNH is issued by a fintech company based in Hong Kong – AnchorX. This stablecoin will be initially introduced on the Conflux blockchain via Unitus Finance, one of the lending markets of dForce. AxCNH Stablecoin Launches on Conflux eSpace with Growing Support To begin with, this move makes dForce an early supporter of CNH-based DeFi products. According to the proposal, this strategy helps the platform to meet its goal of becoming the “Gateway to Compliant CNH Yield on Chain.” Although currently AxCNH has a low liquidity and trade activity, the long-term prospects of this look promising. As more people are interested in using CNH stablecoins, early adoption may bring about some great benefits. Related Reading: Intense Demand for Hong Kong’s New Stablecoin Licensing Program | Live Bitcoin News In addition, AnchorX is already recognized as a regulatory pioneer. In June 2025, the company got a stablecoin-related approval by the Astana Financial Services Authority (AFSA) of Kazakhstan. This was an important step for its expansion in the world. AxCNH launched (July of 2025) on Conflux eSpace, with liquidity pools now live on Swappi DEX. Despite a small market cap, the stablecoin is well backed by CNH reserves and redeemable at a 1:1 ratio. Moreover, dForce believes that CNH stablecoins can form a major part of the global DeFi market. China’s overall ambition to pursue yuan internationalization is supportive of this trend. After a significant fall in the US dollar in early 2025, there was an increase in the interest in alternatives such as CNH. Financial institutions and tech…
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