bitCNY
by BitShares
What problem does this service solve?
bitCNY is intended to serve as financial tool that will help stabilize the price of BTS relative to the Chinese Yuan.
Company Details
- BitShares
- Founded 2018
- Digital Currency Pegged to Chinese Yuan
Token Stats
About bitCNY
bitCNY is a decentralized stablecoin that is pegged to the Chinese Yuan. It is based on the BitShares blockchain and has a Delegated Proof-of-Stake (dPoS) consensus mechanism. As a market pegged asset, the bitCNY token represents the amount of BitShares (BTS) that are equivalent to one Chinese Yuan.
