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.

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