Shanghai Will Use Conflux to Test Offshore Yuan-based Stablecoins
Shanghai decided to use Conflux blockchain infrastructure to test the offshore yuan-based stablecoins.
This had a positive impact on the CFX price. On September 19, the CFX traded at $0.26, and on September 20, it rose to $0.83. According to Coinmarketcap, the CFX is trading at $0.47 at the time of writing.
The testing will be carried out by the ShuTu Blockchain Research Institute and the State Shanghai Maritime University in the Lingang City Experimental Free Trade Zone.