The collaboration aims to enhance cross-border payments and RMB internationalization through the AxCNH stablecoin, signaling a significant move towards integrating traditional finance with digital assets.
Kinyong Investment Limited has signed a strategic cooperation memorandum with AnchorX to explore collaboration in cross-border payments and stablecoin applications. AnchorX's AxCNH stablecoin aims to lower international payment costs and support RMB internationalization. This partnership is anticipated to boost Kinyong's prospects in the cryptocurrency sector and foster the integration of traditional finance with Web3. No formal legal agreement has been established yet, with further updates to follow.