Tether to Cease Support for CNHT Product
Tether has announced a strategic adjustment to its CNHT product, ceasing support to better focus on community-driven core products. According to PANews, Tether will halt all new CNHT issuances and stop minting additional tokens effective immediately. A year after the announcement, redemption support for CNHT will end, with a reminder notification to be issued before the redemption deadline. Tether stated that the decision was influenced by changes in market conditions, low product interest, and limited ongoing demand from the community compared to other assets
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