China's carbon neutrality: Carbon credit stablecoin protocol completed testing

According to Foresight News, a Hong Kong listed company, China Carbon Neutral, has announced that its subsidiary, Future Marvel Limited, has successfully completed the technical testing of its Carbon Coin. Each Carbon Coin (1:1) is anchored with 1 kilogram of carbon credits. Carbon Coin is a carbon credit anchoring protocol based on real carbon credits, utilizing blockchain technology and smart contract technology to achieve efficient, transparent, and automated carbon credit trading. In conjunction with the Carbon Credit Anchor Protocol, this application system includes a lifecycle management system for carbon accounts, carbon reduction projects, and carbon credits, as well as a carbon stablecoin trading system, to enhance the compatibility of carbon stablecoins, data, and complete carbon asset trading functions, and to help tokenize global carbon credits.