China moves in the Chinese stable: Conflux Crypto Pump has signs of accumulation of smart money?

China is closer to the exploration of stablecoins, a change that could reshape world payments and help push the Yuan on the world scene. The reports indicate that the State Council examines a roadmap that would set objectives for the use of a stablecoin to support the Yuan, would attribute roles to national regulators and establish rules to manage risks. High leaders should meet this month to discuss the internationalization of Yuan and the Stablecoin policy – a notable change in relation to the 2021 ban on trade and mining of cryptography, and a development closely watched by projects like Conflux Crypto, which position themselves as regulatory blockchains in China.

Just inside: China pivots stablecoins after the United States which adopts the engineering law.

Beijing now writes a Stablecoin roadmap supported by the Yuan, with offshore pilots Hong Kong.
This marks a major change: once focused only on the CBDC E-CNY (domestic use), China now sees stablecoins … pic.twitter.com/jlqsmbz5xd

– Jessica Gonzales (@lil_disruptor) August 28, 2025

Beijing has long sucked up at the Yuan to compete with the US dollar and the Euro in world payments. However, despite the vast trade surpluses from China, strict capital controls have capped its international influence.

Stablecoins are digital tokens fixed to fiduciary currencies and offer instant transfers, at low cost and without border. For a country that has long applied strict capital checks, the stablecoins present both an opportunity and a challenge: they could facilitate the flows of cross -border yuan, but regulators will need guarantees to prevent capital flight and financial instability.

The share of the Yuan of world payments recently fell by around 2.88%, stressing why Beijing is interested in the tools to stimulate the international use of money.

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The StableCoin of Beijing Stable Road could redefine the internationalization of the yuan, challenge the domination of the US dollar and trigger a new era for blockchains compared to China as conflux Crypto

After this change of heart, the Crypto of Conflux (CFX) exploded above. Since July, CFX has climbed suddenly after two titles: a plan for a stablecoin at Pie with offshore built with Fintech partners, and the deployment of conflux 3.0, which promises a much faster flow (up to 15,000 TPS) and better cross -border settlement medium.

The negotiation volume has increased from less than $ 60 million to more than $ 1.7 billion in a few days, briefly pushing the CFX market capitalization of more than $ 1 billion.

(Source: CFXUSDT)

Conflux also prepares an upgrade of the critical network (V3.0.1). The hard fork is scheduled for August 31 (08:00 UTC + 8); Binance said that it suspends deposits and withdrawals CFX from September 1st as a precaution during upgrade – a standard practice to ensure a smooth transition.

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Petrochina’s Stablecoin experience highlights the adoption of businesses and Hong Kong’s regulatory role

Meanwhile, Petrochina is studying if stablecoins can be used for cross -border regulations and payments, citing the new Stablecoin rules of Hong Kong (from August 1) and close monitoring of the HKMA.

China National Petroleum Corporation, one of the largest energy companies in the world, revealed during its conference on the half -yearly results that the company follows closely the latest developments of the Hong Kong monetary authority concerning the Licenses of Stablecoin issuer, and will …

– Wu Blockchain (@wublockchain) August 29, 2025

If energy majors like Petrochina are starting to settle transactions in Yuan tokens, the potential impact on world commercial corridors could be massive. For China, this would mean a direct application of the technology of Stablescoin to extend the regulation labeled by Yuan, reducing the dependence of the US dollar on the oil and raw materials.

Could conflux crypto become a major player in this sector? The answer will depend on the regulatory results in Beijing and Hong Kong, to what extent the upgrading of conflux takes place gently, and if large companies are really moving to settle in the Stablecoins in Yuan. For the moment, Conflux is at the center of a history that mixes politics, upgrades of infrastructure and corporate pilots – and this mixture is the reason why traders cannot help but look closely.

The Chinese position moves on the Chinese stable: Conflux Crypto Pump has signs of accumulation of intelligent money? appeared first on 99Bitcoins.

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