Tether to Shut Down CNH₮ Stablecoin as Demand Drops
Tether, the company behind the world’s most widely used stablecoin USDT, has announced that it will no longer support CNH₮, its offshore Chinese yuan stablecoin. The company has already stopped the minting of new CNH₮ tokens and will completely stop redemption support within the next year. No New CNH₮ Tokens, Redemption Deadline Set On 20th Feb, …
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