China's carbon neutrality: Carbon credit stablecoin protocol completes testing
Powered by ChatGPTHong Kong-listed China Carbon Neutral Development Group has announced that its subsidiary, Future Marvel Limited, has recently successfully completed the technical testing of its Carbon Coin, with each Carbon Coin (1:1) pegged to 1 kilogram of carbon credits. Carbon Coin is a carbon credit anchoring protocol based on real carbon credits, utilizing blockchain technology and smart contract technology to achieve efficient, transparent, and automated carbon credit trading. In conjunction with the carbon credit anchoring protocol, the application system includes carbon accounts, carbon emission reduction projects, and a lifecycle management system for carbon credits, as well as a carbon stablecoin trading system, to enhance carbon stablecoins, data compatibility, and complete carbon asset trading functions, helping to tokenize global carbon credits. [Foresight News]