Tether Launches CNHT Stablecoin & Supports offshore Chinese yuan – CNH

The Tether platform announced the addition of offshore Chinese yuan (CNH) to its list of supported currencies. On the other hand, the platform will launch a new stablecoin, CNHT that will be backed by offshore Chinese yuan (CNH).  CNH represents a further expansion of Tether’s capabilities in facilitating the digital use of traditional currencies, such as US dollar (USDT) and euro (EURT). CNH₮ is pegged to CNH, and will initially be available only on the Ethereum blockchain as an ERC-20 token.