China's Carbon Neutrality: The carbon credit stablecoin agreement Carbon Coin has completed data integration, successfully putting 200,000 tons of carbon credits on the blockchain.

According to a report by Zhitong Finance on July 25, the Chinese carbon neutrality (01372) announced that its subsidiary Future Marvel Limited’s carbon credit stablecoin (Carbon Coin) has completed data integration work, successfully bringing 200,000 tons of carbon credits on-chain. The Carbon Coin agreement represents an important exploration for the company in the digitalization of carbon credits, and the completion of data integration with relevant systems provides strong technical support for the on-chain process and subsequent management and trading of carbon credits. “On-chain carbon credits” refers to the digital representation and equity confirmation of carbon allowances or voluntarily approved carbon reduction amounts, such as Verified Carbon Standard (VCS) and Gold Standard, using blockchain technology, achieving transparent management and efficient circulation throughout their entire lifecycle.