Key highlights:
- Conflux unveils offshore yuan-pegged stablecoin and major Conflux 3.0 upgrade during Shanghai event.
- Conflux 3.0 promises 15,000 TPS, AI integration, and support for real-world asset tokenization.
- CFX rallies 199% in 30 days, with bullish forecasts predicting a move toward $1.83 in early 2026.
Conflux (CFX), often referred to as the “Chinese Ethereum,” has seen a remarkable price surge following the announcement of two major developments: the upcoming launch of an offshore yuan-pegged stablecoin and the imminent rollout of its Conflux 3.0 upgrade. The announcements were made during the recent Conflux Technology & Ecosystem Conference in Shanghai and have garnered attention from both local state media and the broader crypto community.
Offshore yuan stablecoin targets Belt and Road markets
Conflux revealed it is partnering with fintech company AnchorX and Eastcompeace Technology to issue a stablecoin pegged to the offshore Chinese yuan. The stablecoin will focus on cross-border corridors tied to China’s Belt and Road Initiative (BRI), an expansive global infrastructure plan aimed at enhancing trade connectivity across Asia, Europe, and Africa.
We have joined forces with @AnchorX_Ltd and Eastcompeace Technology for offshore RMB stablecoin (AxCNH) projects, cross-border settlement, and RWA initiatives across Belt and Road countries.
Eastcompeace, alongside Conflux and China Telecom, is innovating with BSIM products… https://t.co/wdy3Jpf9un
— Conflux Network Official (@Conflux_Network) July 23, 2025
The initiative gains added weight from AnchorX’s prior in-principle approval from Kazakhstan’s Astana Financial Services Authority for a yuan-backed coin named AxCNH. While it remains unclear whether Conflux’s stablecoin is directly tied to AxCNH, a rollout is already in motion. Crypto wallet provider TokenPocket has announced plans to run pilot programs in Southeast and Central Asia in collaboration with AnchorX and Conflux.
Conflux 3.0 introduces high throughput and AI capabilities
In parallel, Conflux is preparing to launch Conflux 3.0, codenamed Tree-Graph, in August. The upgrade introduces a parallel processing architecture that reportedly boosts throughput to over 15,000 transactions per second. Notably, it will enable on-chain invocation of artificial intelligence (AI) agents, positioning Conflux at the intersection of blockchain and AI innovation.
The update is also expected to enhance the network’s utility for cross-border trade and real-world asset (RWA) tokenization. These enhancements have contributed to a wave of renewed investor confidence, propelling demand for CFX and catalyzing the recent market rally.
Market reaction and price outlook
The CFX token has climbed an impressive 199% over the past 30 days, reflecting strong investor enthusiasm around these developments. Despite the surge, CFX remains about 87% below its all-time high of $1.72, reached in March 2021.
According to CoinCodex’s Conflux price prediction, CFX is expected to continue its upward trajectory, potentially reaching as high as $1.83 by early January 2026. With the token trading at $0.21 at the time of writing, the forecast appears aggressive, yet plausible given the token’s historical price action and the network’s expanding utility.
As Conflux advances its stablecoin initiative and rolls out Conflux 3.0, its alignment with Chinese digital infrastructure goals could further bolster its position as a compliant and strategically significant blockchain platform in the region.
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Source:: Conflux (CFX) Surges Nearly 200% Amid Stablecoin Launch and Conflux 3.0 Upgrade