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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.”

Tether's CNHT0 Stablecoin Debuts on Conflux (CFX) Network

Tether's CNHT0 Stablecoin Debuts on Conflux (CFX) Network

Tether's CNHT0 stablecoin, pegged to the offshore Chinese yuan, launches on the Conflux (CFX) network, promising enhanced liquidity and cross-border payment solutions.

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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