the first licensed CNH stablecoin for 24/7 cross-border payments
The post the first licensed CNH stablecoin for 24/7 cross-border payments appeared on BitcoinEthereumNews.com. AxCNH, stablecoin CNH with a 1:1 peg and the first to be released with an official license, debuted in Hong Kong. The token is designed to enable cross-border payments operational 24/7 on blockchain infrastructures, as highlighted in a statement from Reuters. The regulatory challenges and reserve requirements mentioned in the public debate are consistent with recent guidelines from authorities and international bodies, such as the Bulletin from the Bank for International Settlements on July 9, 2025, and the report on the topic from the United States Department of the Treasury on November 1, 2021, which emphasize risks related to the integration of stablecoins with the traditional financial system. In briefings with market operators and treasury managers present at the Belt and Road Summit, a strong demand for instant settlement solutions in CNH emerged. According to data collected by independent analysts and on-site discussions, many counterparties require public proof‑of‑reserves and independent audits before integrating stablecoin denominated in local currencies into their payment flows. Industry analysts also note that interest in stablecoin linked to emerging currencies has grown alongside the increased need for intraday liquidity in global value chains. What is AxCNH and why it matters AxCNH is a token pegged to the offshore yuan (CNH) – distinct from the domestic yuan (CNY) subject to capital controls – and is presented by the issuer AnchorX, a fintech company, as the “first” licensed CNH stablecoin. In this context, the main focus remains on FX settlement and transactions related to international value chains, with specific attention to operational continuity. Token: AxCNH Issuer: AnchorX (fintech) Peg: 1 CNH = 1 AxCNH Backstop: reserves in cash and investment-grade government debt securities Intended use: FX and cross-border payments with 24/7 operations Parallel Launch: KRW1 on BDACS Almost simultaneously, the BDACS platform announced the launch of KRW1, a…
The post the first licensed CNH stablecoin for 24/7 cross-border payments appeared on BitcoinEthereumNews.com.
AxCNH, stablecoin CNH with a 1:1 peg and the first to be released with an official license, debuted in Hong Kong. The token is designed to enable cross-border payments operational 24/7 on blockchain infrastructures, as highlighted in a statement from Reuters. The regulatory challenges and reserve requirements mentioned in the public debate are consistent with recent guidelines from authorities and international bodies, such as the Bulletin from the Bank for International Settlements on July 9, 2025, and the report on the topic from the United States Department of the Treasury on November 1, 2021, which emphasize risks related to the integration of stablecoins with the traditional financial system. In briefings with market operators and treasury managers present at the Belt and Road Summit, a strong demand for instant settlement solutions in CNH emerged. According to data collected by independent analysts and on-site discussions, many counterparties require public proof‑of‑reserves and independent audits before integrating stablecoin denominated in local currencies into their payment flows. Industry analysts also note that interest in stablecoin linked to emerging currencies has grown alongside the increased need for intraday liquidity in global value chains. What is AxCNH and why it matters AxCNH is a token pegged to the offshore yuan (CNH) – distinct from the domestic yuan (CNY) subject to capital controls – and is presented by the issuer AnchorX, a fintech company, as the “first” licensed CNH stablecoin. In this context, the main focus remains on FX settlement and transactions related to international value chains, with specific attention to operational continuity. Token: AxCNH Issuer: AnchorX (fintech) Peg: 1 CNH = 1 AxCNH Backstop: reserves in cash and investment-grade government debt securities Intended use: FX and cross-border payments with 24/7 operations Parallel Launch: KRW1 on BDACS Almost simultaneously, the BDACS platform announced the launch of KRW1, a…
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