Crypto Short News

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.

Tags
Show More

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

Related Articles

Check Also
Close
Back to top button
Close
Close