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Tether Launches Stablecoin Backed by Offshore Chinese Yuan

Tether Launches Stablecoin Backed by Offshore Chinese Yuan

Reported in late August, Tether had made plans to add a new stablecoin pegged to the Chinese Yuan, named “CNHT.”

KuCoin Ventures Invests in Yuan-Pegged Stablecoin

KuCoin Ventures Invests in Yuan-Pegged Stablecoin

KuCoin Ventures leads a $10 million investment in CNHC, a Chinese yuan-pegged stablecoin issuer and blockchain payment service provider.

Tether Plans to Issue Stablecoin Backed by Chinese Yuan

Tether Plans to Issue Stablecoin Backed by Chinese Yuan

Tether has been reportedly working on a new stablecoin pegged to the Chinese Yuan. The stablecoin project named “CNHT” came from the intention of Zhao Dong, one of the shareholders of the Bitfinex crypto exchange.

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