Conflux will cooperate with AnchorX to launch Hong Kong dollar stable currency as soon as Q2

BlockBeats news, on March 21, according to The Block, Conflux Network is collaborating with financial technology company AnchorX to launch a stablecoin anchored to the Hong Kong dollar as soon as the second quarter of this year. Fan Long, founder and CEO of Conflux, said in an interview that the AnchorX team hopes to launch its "AxHKD" stablecoin as soon as possible, but many things depend on the speed of the regulatory sandbox. Earlier this month, Conflux and AnchorX announced a beta test of AxHKD, which aims to maintain a 1:1 anchorage to the Hong Kong dollar “backed by high-quality liquid asset reserves.” According to a statement from the company, AxHKD will initially launch on the Conflux public chain, with OKLink Trust serving as the custodian for its stablecoin issuance.