Conflux partners with AnchorX to launch Hong Kong Dollar-pegged stablecoin AXHKD.

CONFLUX NETWORK is collaborating with financial technology company ANCHORX to launch a Hong Kong dollar-pegged stablecoin called "AXHKD" as early as the second quarter of this year. The stablecoin aims to maintain a 1:1 peg with the Hong Kong dollar. FAN LONG, the founder and CEO of CONFLUX, stated that while the ANCHORX team hopes to launch AXHKD as soon as possible, many factors depend on the progress of regulatory sandbox initiatives. Earlier this month, CONFLUX and ANCHORX announced the BETA testing of AXHKD.