Chinese blockchain company Conflux has announced the launch of a new stablecoin backed by offshore yuan and the upgrade of its Tree-Graph 3.0 public network. These initiatives were revealed during a three-day summit in Shanghai.
Tree-Graph 3.0 Network Upgrade
At the event, Conflux revealed the third generation of its public chain, Tree-Graph 3.0. The upgrade aims to support international blockchain adoption and includes several enhancements. Key improvements entail a new storage architecture and an enhanced execution module for increased efficiency. The transaction capacity has surged to 15,000 transactions per second, and native support for on-chain AI agents enables smarter automation. The official launch of the upgraded network is set for August 2025.
Partnerships to Support Stablecoin Launch
Alongside the network update, Conflux announced the rollout of a stablecoin anchored to offshore yuan developed in collaboration with AnchorX and Eastcompeace. This stablecoin will be targeted at cross-border transactions supporting Chinese enterprises abroad, especially within the Belt and Road Initiative. Conflux is also partnering with TokenPocket to enhance the stablecoin's international adoption.
Stablecoin Launch Aligns with Regional Regulatory Push
The launch of the offshore yuan-backed stablecoin coincides with a broader interest in formalizing stablecoin operations in Hong Kong. Local authorities have developed a regulatory framework known as LEAP, which is set to be implemented on August 1, 2025. This marks the beginning of regulated stablecoin issuance in the special administrative region, supporting Conflux's efforts to integrate blockchain with real-world assets.
The launch of Conflux's stablecoin and the enhancement of the Tree-Graph 3.0 network showcase the company's strategic focus on integrating blockchain into international financial operations and supporting Chinese enterprises abroad.
