bitCNY is a stablecoin, pegged to the official currency of the People's Republic of China, the Yuan, and represents the amount of BTS equivalent to one Chinese Yuan. In the beginning bitCNY was available only on the BitShares platform.
With the development of an ERC20 bitCNY gateway created by the company OpenLedger ApS, which issued the bitCNY token, any ERC20 coin can be linked to the CNY fiat currency. The bitCNY token was issued by this Denmark-based company, developer of a large number of