According to ChainCatcher, Asia Digital Bank Limited, a licensed investment bank in Malaysia, has completed the issuance of the digital asset ACNH in everPay, a financial payment protocol under everVision, a Web3 infrastructure provider.
ACNH is pegged 1:1 to the offshore RMB and is an innovative digital asset that is fully regulated and meets legal and compliance requirements. Each ACNH is backed by 100% equivalent real assets, including cash, cash equivalents, and short-term government bonds denominated in RMB. (Source link)