Tether announced the integration of its Chinese yuan stablecoin (CNHT) to the Tron blockchain. Bitfinex will be the first exchange to support deposits and withdrawals in the new stablecoin.
Halter am Ufank gestart its offshore Chinese Yuan stablecoin (CNHT) on Ethereum in 2019. Tron will be the second blockchain where CHNT can be traded, as ugekënnegt by the company today.
De Paolo Ardoino, Den CTO vun Tether, said that the move is intended to move the crypto community forward despite the market crash.
"Zu enger Zäit wou de Krypto Maart immens Onrouen erliewt, gleewen mir datt de beschte Wee no vir ass weider ze bauen. D'Saache si geschäftlech wéi gewinnt bei Tether a mir hoffen datt eise weidere Wuesstum an Expansioun anerer inspiréiere fir weider ze goen.
Paolo Ardoino, Tether’s CTO
CNHT is the fourth stablecoin operated by Tether. The company also supports stablecoins pegged to the U.S. Dollar (USDT), Euro (EURT), and Peso (MXNT).
Source: https://crypto.news/tether-launches-yuan-pegged-stablecoin-on-tron/