$CFX The Block reported that Chinese public blockchain project Conflux (CFX) plans to support the issuance of an offshore yuan (CNH) stablecoin. The project aims to facilitate the use of this stablecoin among countries participating in China’s Belt and Road Initiative (Silk Road by land and sea). Additionally, Conflux announced that it will upgrade to "Conflux 3.0" sometime in August. This upgrade is expected to enable cross-border payments and large-scale settlements of real-world assets. According to CoinMarketCap, CFX is currently trading at $0.2143, up 47.1%.