About

The Boom Chinese Yuan (bCNY) is the tokenised stablecoin of the Chinese Yuan (CNY), the official currency of the China, a country with a population of 1.4 Billion people and a GDP of $17.96 Trillion. bCNY is 100 percent backed 1-to-1 by deposits in Chinese Yuan and redeemable 1-to-1 in Chinese Yuan. Tokenising Chinese Yuan onto the Boom blockchain makes it instantly trade-able across borders and extends its utility into smart contracts, DeFi and more. Unlike legacy stablecoins, Boom tokenised stablecoins are seizure-resistant.