Conflux plans to launch a Hong Kong dollar stablecoin pegged to AnchorX in the second quarter

According to Jinse Caijing, the Layer1 blockchain project Conflux Network is collaborating with the financial technology company AnchorX to launch a Hong Kong dollar-backed stablecoin as soon as the second quarter of this year. Conflux founder and CEO Fan Long stated in an interview with The Block that the AnchorX team hopes to launch the "AxHKD" stablecoin quickly. We hope they can push it out soon, progress is currently fast, maybe in the second quarter, but many things depend on the speed of regulatory sandbox advancement.