AnchorX, an Asian stablecoin provider, holds the distinction of being the initial entity to receive a stablecoin license from the Astana Financial Services Authority (AFSA) in Kazakhstan, a primary financial center for Eastern Europe and Central Asia. Its main offering is AxCNH, recognized as the first licensed stablecoin pegged to CNH globally. Every AxCNH token is completely supported by matching CNH reserves stored in separate custody accounts at regulated banks, allowing for consistent 1:1 redemption into CNH fiat with reliable transparency. The team states that AnchorX is collaborating with additional regulators to ensure AxCNH strictly adheres to upcoming stablecoin regulations.

The project aims to enable smooth cross-border transactions and settlements for Chinese companies operating offshore and nations involved in the Belt and Road Initiative (BRI). With trade between China and BRI regions growing, AnchorX positions AxCNH as a key infrastructure component designed to improve trade efficiency, mitigate exchange rate fluctuations, and decrease transaction expenses for businesses active in BRI markets.