AxCNH

AXCNH Price

About AxCNH (axcnh)

AxCNH is a regulated stablecoin pegged to the offshore Chinese Yuan (CNH) and issued by the Asian financial entity AnchorX.

• Each unit is fully backed by equivalent reserves of CNH held in segregated custody accounts at regulated financial institutions.
• The asset is licensed by the Astana Financial Services Authority (AFSA) and is designed for seamless cross-border payments.
• AxCNH operates as an infrastructure tool to enhance trade efficiency, particularly for enterprises in the Belt and Road Initiative (BRI) countries.

What Is AxCNH

AxCNH is a digital representation of the offshore Chinese Yuan, designed to maintain a stable value relative to the CNH fiat currency. As the flagship product of the stablecoin issuer AnchorX, it serves as a bridge between traditional finance and the digital asset ecosystem. Value moves through the system as users mint AxCNH by depositing fiat currency or redeem it 1:1 for the underlying offshore Yuan.

The token is put to work primarily as a medium of exchange and a unit of account within decentralized financial applications and payment networks. By providing a stable, digital version of the Yuan, it allows users to participate in on-chain transactions without the volatility typically associated with cryptocurrencies. As the ecosystem of offshore Chinese enterprises and trade partners grows, AxCNH scales by providing a standardized, liquid asset for settling global trade obligations.

What Makes AxCNH Unique

• Regulatory Licensing: AxCNH is the first offshore Yuan stablecoin to receive a license from the Astana Financial Services Authority (AFSA) in Kazakhstan.
• Segregated Custody: All reserves backing the token are held in segregated accounts at regulated financial institutions to ensure transparency and security.
• Strategic Backing: The project is supported by Hony Capital, a major Chinese investment management firm, and the Conflux blockchain.
• BRI Focus: Unlike many USD-centric stablecoins, AxCNH is specifically tailored to facilitate trade and reduce exchange rate volatility for countries in the Belt and Road Initiative.

What Can You Use AxCNH for?

AxCNH is pegged to the offshore Chinese Yuan (CNH).

• Value retention: AxCNH allows users to hold a digital, on-chain representation of the offshore Chinese Yuan, which may reduce exposure to the volatility of the broader cryptocurrency market.
• Yield generation: The source does not specify native yield options or specific sovereign debt instruments for AxCNH holders.
• Cross-border settlement / value transfer: The token is designed for international remittances and global trade settlements, enabling frictionless transfer of offshore Yuan value across borders.
• Collateralization: AxCNH can be used as backing for borrowing and lending protocols or as margin for derivatives, though specific supported platforms are not listed in available sources.

How Does AxCNH Work?

AxCNH utilizes distributed ledger technology to enable 24/7 instant settlement of transactions. It is issued as a token on public blockchains such as Conflux and Ethereum, where it functions as an application utility token. When a user sends AxCNH, they pay protocol service fees to the underlying network to process the transfer.

The technical mechanism relies on a 1:1 reserve model. For every AxCNH in circulation, a corresponding amount of CNH is held in reserve. This ensures that the token remains redeemable for fiat currency at any time. The use of distributed ledgers removes the need for traditional banking intermediaries for the transfer itself, allowing for faster and lower-cost global exchanges compared to legacy payment rails.

Team Info and Investors

AxCNH is issued by AnchorX, an Asian stablecoin issuer. The project is strategically sponsored by Hony Capital, which manages over USD 16 billion in assets, and Conflux, a regulatory-compliant public blockchain in China. While specific individual founder names are not detailed in the source material, the project operates under a licensed framework overseen by the AFSA in Kazakhstan.

Where can you buy AxCNH?

AXCNH tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade AxCNH is Swappi, where the most active trading pair AXCNH/WCFX has a trading volume of $13.12 in the last 24 hours.

What is the daily trading volume of AxCNH (AXCNH)?

The trading volume of AxCNH (AXCNH) is $13.13 in the last 24 hours, representing a -26.20% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for AxCNH (AXCNH)?

AxCNH (AXCNH) reached an all-time high of $0.5945 and an all-time low of $0.01171. It’s now trading -75.00% below that peak and 1,166.80% above its lowest price.

What is the market cap of AxCNH (AXCNH)?

Market capitalization of AxCNH (AXCNH) is $4,768,900 and is ranked #1724 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of AXCNH tokens (32 Million tokens are tradable on the market today).

What is the fully diluted valuation of AxCNH (AXCNH)?

The fully diluted valuation (FDV) of AxCNH (AXCNH) is $4,768,900. This is a statistical representation of the maximum market cap, assuming total number of 32 Million ETH tokens are in circulation today.

How does the price performance of AxCNH compare against its peers?

With a price increase of 0.30% in the last 7 days, AxCNH (AXCNH) is outperforming the global cryptocurrency market which is down -4.40%, while outperforming when compared to similar Stablecoins cryptocurrencies which are down -1.30%.