Conflux Network Introduces AxHKD Supported by Hong Kong Dollar
According to Decrypt, Conflux Network, known as the “China’s MATIC,” has introduced the AxHKD stablecoin supported by the Hong Kong Dollar.
The Conflux Network, the only public blockchain managed in China, has announced its key role in supporting the beta testing of the AxHKD stablecoin backed by the Hong Kong dollar (HKD).
Created by fintech company AnchorX, the stablecoin will be first launched on the Conflux Network, followed by the Ethereum (ETH) network.
The statement said that AxHKD will be pegged at a 1:1 ratio with HKD, backed by high-quality liquid assets reserves.
