Despite banning crypto, a Chinese yuan-backed stablecoin just launched #Shorts

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Conflux has launched the first ever Chinese yuan-backed stablecoin.

AxCNH is pegged to the offshore #yuan
Hong Kong may host yuan stablecoins to boost global use
This marks China’s shift from bans to selective #stablecoin adoption

#marketupdate

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RYD date created : 2025-10-11T02:03:46.1707641Z
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