Conflux plans to cooperate with AnchorX to launch a stable currency anchored to the Hong Kong dollar as soon as Q2

Conflux Network is working with financial technology company AnchorX to launch a stablecoin anchored to the Hong Kong dollar as soon as the second quarter of this year. Conflux founder and CEO Fan Long said in an interview that the AnchorX team hopes to launch its “AxHKD” stablecoin as soon as possible, but a lot depends on how quickly the regulatory sandbox advances. 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 a reserve of high-quality liquid assets.” 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. (The Block)