Tether Plans to Launch CNHT, An Offshore Stablecoin in China

Tether Plans to Launch CNHT, An Offshore Stablecoin in China

Tether Holdings announced its plans to launch an offshore stablecoin in China which is to be backed by renminbi (Yuan). It is to be dubbed CNHT. After Bitfinex enabled trading of Tether on their platform in 2015, Tether’s USDT made a massive impact on the crypto economy of China.