ChainCatcher reports that Tether has announced it will officially cease supporting its offshore Chinese yuan-pegged stablecoin CNHT. Launched in 2019, the product aimed to provide traders with a digital channel for offshore Chinese yuan but has never gained significant market recognition. Tether stated that this move is part of a strategic adjustment to focus resources on products with “strong endogenous adoption” and long-term community demand.
Effective immediately, minting and issuance of CNHT on the Ethereum and Tron blockchains have been halted, and existing holders must complete redemption by early 2027.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Tether launches open-source AI toolkit QVAC SDK, positioning it as a general-purpose artificial intelligence foundation module
Tether’s QVAC team launched the QVAC SDK, which is an open-source, cross-platform AI development toolkit aimed at building the intelligent ecosystem of the future and supporting a wide range of devices. QVAC is seen as a next-generation intelligent framework with modular and infinitely extensible features to adapt to future development.
GateNews23h ago
A CEX co-founder donates $5.4 million to the UK’s Reform UK party
A CEX co-founder, Ben Delo, donated $5.4 million to the Reform UK party, and the donation took place before new UK regulations came into effect. Delo was previously fined $10 million for violating anti–money laundering compliance and received a pardon from Donald Trump. Reform UK positions itself as a pro-cryptocurrency political party and is currently facing a pause order on crypto donations. After relocating to the UK, Delo plans to be exempt from donation limits.
GateNews04-09 10:47
ZachXBT discloses internal payment server data from North Korean IT workers, involving a $3.5 million flow of funds
On-chain detective ZachXBT revealed that an anonymous source shared stolen data from North Korea’s internal payment servers, involving 390 accounts and encrypted transaction information. More than $3.5 million in funds vanished, and it is connected to a sanctioned company. ZachXBT has compiled a detailed organizational chart.
GateNews04-08 13:46
Tether CEO: The team is developing a decentralized search engine, hypersearch.
Gate News message. April 7, Tether CEO Paolo Ardoino said the team is developing a decentralized search engine called hypersearch. The product is built on a distributed hash table (DHT, a decentralized data storage technology) architecture.
GateNews04-07 13:51
