China Carbon Neutral Says It Completes Testing of Carbon Credit Stablecoins; Shares Gain 7%

MT Newswires Live

07/17

China Carbon Neutral Development Group (HKG:1372) said it completed the technical testing of carbon credit stablecoins, according to a Hong Kong bourse filing Wednesday.

Shares of the carbon solutions company gained nearly 7% in morning trade Thursday.

The coins will leverage blockchain technology to anchor to 1 kilogram of carbon credits on a one-for-one ratio.

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