Blog - Tether Launching a Stablecoin Pegged to the Chinese Yuan

Tether Launching a Stablecoin Pegged to the Chinese Yuan

Posted on 25th Aug 2019

The stable coin will be known as CNHT, This will be the fourth stable coin in Teather's platform. They already have ones backed by the United States dollar, the Euro, and the Japanese Yen. Zhao Dong also said that his crypto lending company, RenrenBit, will support trading and deposits of CNHT. it is believed that the stable coin's reserves will be held in an account in Belgium