ChainCatcher reports that Tether has announced it will officially cease supporting its offshore Chinese yuan-pegged stablecoin CNHT. Launched in 2019, the product aimed to provide traders with a digital channel for offshore Chinese yuan but has never gained significant market recognition. Tether stated that this move is part of a strategic adjustment to focus resources on products with “strong endogenous adoption” and long-term community demand.
Effective immediately, minting and issuance of CNHT on the Ethereum and Tron blockchains have been halted, and existing holders must complete redemption by early 2027.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Tether advances its stablecoin business and integrates with the Bitcoin Lightning Network
Gate News reports that on March 19, Tether is advancing the integration of its stablecoin business with Bitcoin's Lightning Network. The Lightning Network is a network layer built on Bitcoin that supports faster and lower-cost transactions. This move aims to expand the application scenarios of Tether stablecoins through the technical advantages of the Lightning Network and attract more users to utilize the Bitcoin network.
GateNews4h ago
Seoul Police Bust Family Money Laundering Ring, Transfers Hundreds of Billions of Won Through Unregistered Cryptocurrency Exchange
Seoul police uncovered a money laundering case involving an unregistered virtual asset exchange, arresting 19 members with suspected proceeds totaling hundreds of billions of won. The group converted cash obtained from telecommunications fraud into Tether (USDT) and transferred it overseas. Police seized approximately 6 billion won in assets.
GateNews5h ago
Tether Launches BitNet LoRA Framework Across Platforms
Tether's QVAC Fabric introduces the BitNet LoRA framework, enabling AI model training on consumer devices with reduced VRAM needs and improved performance. Users can fine-tune large models on smartphones, making AI development more accessible and efficient.
CryptoFrontNews03-18 20:36
