CFX 4-Hour Chart Continues to Rise, Possibly Driven by Earlier Rumors of RMB Oil Settlement

Odaily News OKX market data shows that CFX's 4-hour K-line has reached a new stage high, with the price touching a high of approximately 0.06282 USDT, representing a 24-hour increase of about 14%.

Some community members believe that this round of price increase may be related to recent macro news catalysts. Previously, media outlets cited sources stating that Iran is considering allowing some oil tankers to pass through the Strait of Hormuz, on the condition that oil shipments are settled in RMB. This discussion has once again drawn market attention to the narratives surrounding RMB stablecoins and cross-border payments.