China's Carbon Neutrality: Carbon Credit Stablecoin Protocol Completes Testing

Foresight News reports that Hong Kong-listed company China Carbon Neutrality has announced that its subsidiary, Future Marvel Limited, has recently completed technical testing of its carbon stablecoin (Carbon Coin). Each Carbon Coin is pegged 1:1 to one kilogram of carbon credit. Carbon Coin is a carbon credit-pegged protocol based on real carbon credits, leveraging blockchain and smart contract technology to enable efficient, transparent, and automated carbon credit trading. In conjunction with the carbon credit-pegged protocol, the application system includes carbon accounts, carbon reduction projects, a carbon credit lifecycle management system, and a carbon stablecoin trading system. These features aim to enhance the compatibility of carbon stablecoins, data interoperability, and comprehensive carbon asset trading functions, supporting the global tokenization of carbon credits.