bitCNY is a stablecoin, and its price is connected to the Chinese Yuan fiat currency. bitCNY was previously available exclusively on BitShares and represents the amount of BTS equivalent to a Chinese Yuan.
The bitCNY token was issued by OpenLedger ApS, a Danish-based company, famous for the number of crypto- and blockchain-related products and blockchain development services provided to enterprises globally.
OpenLedger developed an ERC20 bitCNY gateway, which is an interlink between any ERC20 coin and the CNY fiat currency.
Thanks to this new project, users outside the BitShares blockchain can trade bitCNY on any platforms and get access to the price-stable coin on the crypto market. All the transactions can be traced with Etherscan.
Buy bitCNY tokens, store them securely, trade this coin outside BitShares or withdraw the funds to ERC20 when needed.
Stablecoins are gaining popularity in the crypto world and give traders a broader experience of managing their capital. bitCNY is a unique opportunity to operate and control your assets safely and conveniently. Make sure that your funds won’t suffer from the abrupt market changes.
Feel free to check the GitHub repository of the project.
If you have any questions regarding bitCNY tokens, please send us a ticket.