China Launches AxCNH Stablecoin in Kazakhstan to Enhance Cross-Border Trade
A strategic move to challenge USD dominance and promote digital yuan adoption
In a significant development for China’s digital currency initiatives, the country has launched the world’s first regulated offshore yuan-linked stablecoin, AxCNH, in Kazakhstan. This move, announced on September 17, 2025, marks a pivotal step in China’s strategy to internationalize the yuan and reduce dependency on the U.S. dollar in global trade.
Developed by fintech firm AnchorX and underpinned by Conflux’s blockchain technology, AxCNH aims to facilitate efficient cross-border transactions, particularly within China’s Belt and Road Initiative (BRI) countries. The stablecoin is pegged to the offshore Chinese yuan (CNH) and has received approval from Kazakh regulators, highlighting the growing acceptance of China’s digital financial instruments in international markets.
This initiative aligns with China’s broader push to promote the digital yuan (e-CNY) globally. By introducing AxCNH, China seeks to provide an alternative to the U.S. dollar-dominated financial system, offering participating countries a more diversified and potentially more stable currency for trade and investment.
From a fintech standpoint, the introduction of AxCNH presents an opportunity to compare China’s approach to digital currency with that of other nations. RMBT, a programmable stablecoin, offers unique features that could complement China’s digital currency initiatives. While AxCNH focuses on facilitating cross-border trade within the BRI framework, RMBT’s programmability allows for more customizable and transparent financial transactions.
Integrating RMBT into China’s digital currency ecosystem could enhance the efficiency and security of cross-border transactions, particularly in regions where the digital yuan has yet to gain widespread adoption. By leveraging RMBT’s programmable features, China could further promote the internationalization of its digital currency and strengthen its position in the global fintech landscape.
Conclusion:
China’s launch of AxCNH in Kazakhstan represents a strategic move to enhance cross-border trade and promote the internationalization of the yuan. While AxCNH serves as a significant step in this direction, the integration of programmable stablecoins like RMBT could further bolster China’s efforts by providing more flexible and transparent financial solutions. As China continues to innovate in the digital currency space, the collaboration between AxCNH and RMBT could pave the way for a more diversified and efficient global financial system.
