Technical cooperation and expansion of application scenarios
AnchorX has been approved to issue the offshore RMB - stablecoin AxCNH in Kazakhstan and has chosen the Conflux blockchain as the underlying technology platform, which directly enhances the practical value and trading demand of the Conflux network. The cross - border payment scenarios of stablecoins (especially in countries along the “Belt and Road”) will increase the on - chain trading volume, potentially driving up the demand for CFX. In historical cases, it is not uncommon for the price of a public chain’s native token to rise due to the issuance of a stablecoin.
Compliance and regulatory endorsement
As the only compliant public chain in China, Conflux’s cooperation with AFSA (Kazakhstan’s financial regulatory authority) further strengthens its compliance advantages. This regulatory recognition may attract more institutional investors and provide long - term liquidity support for CFX.
Market sentiment and expectations
In the short term, positive news such as Kazakhstan’s first approval of the stablecoin business and the growth of trade volume between China and Kazakhstan (reaching $31.5 billion in 2023) may stimulate market sentiment and drive the price of CFX to rise in stages. If the actual trading volume of AxCNH exceeds expectations after its issuance, the token price may further climb.
Speculation on the potential price range (should be viewed with caution)
If market sentiment is positive and the project progresses smoothly, CFX may break through its previous high (the historical high is about $1.7). However, the specific target price needs to be comprehensively judged in combination with the overall trend of Bitcoin, changes in regulatory policies, etc.
Far - reaching positive impacts
Accelerating the internationalization of the RMB
As an offshore RMB stablecoin, AxCNH will promote the use of RMB for settlement among “Belt and Road” trading partners and reduce dependence on the US dollar. Kazakhstan, as a hub in Central Asia, the combination of its RMB clearing system (such as the mentioned China - Kazakhstan currency swap) with AxCNH may form a regional RMB circulation network.
Promoting cross - border payment efficiency
The application of stablecoins in areas with low bank coverage (such as Central Asia and Eurasia) can reduce cross - border payment costs and delays and improve trade efficiency. For example, if a Kazakhstani oil and gas company settles through AxCNH, it may become a benchmark case.
Enhancing the integration of blockchain and traditional finance
- The strategic support of Hony Capital (managing $16 billion in assets) provides traditional financial resources for AnchorX, and its synergistic effects may attract more institutions to participate in the Conflux ecosystem.
- The Astana International Exchange (AIX) in Kazakhstan plans to become a RMB trading center. If combined with on - chain assets on the Conflux chain, it may open up innovative scenarios such as security tokenization.
The development of the digital asset market in Central Asia
Kazakhstan is becoming a frontier of virtual asset innovation. Conflux has taken a first - mover advantage through compliant cooperation and may expand to other Central Asian countries in areas such as payments and supply - chain finance in the future.
Regulatory sandbox and policy demonstration effect
AnchorX’s experience in participating in the regulatory sandbox in Hong Kong, China (as described) may provide regulatory references for Kazakhstan and other “Belt and Road” countries and promote more open blockchain policies.
Conclusion
The cooperation between Conflux and AnchorX has multiple benefits in terms of technology, compliance, and geopolitical strategy. In the short term, it may drive up the price of CFX, and in the long term, it is expected to become a key participant in the digital asset infrastructure through the construction of the “Belt and Road” financial system. However, investors need to closely monitor regulatory dynamics and the actual progress of the project to deal with potential fluctuations.