bitCNY is intended to serve as financial tool that will help stabilize the price of BTS relative to the Chinese Yuan.
- Founded 2018
- Digital Currency Pegged to Chinese Yuan
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.