Home Cryptocurrency Tether to wind down offshore yuan stablecoin CNH₮ amid low demand

Tether to wind down offshore yuan stablecoin CNH₮ amid low demand

Tether announced it will discontinue support for its offshore yuan stablecoin CNH₮, citing low demand and limited community adoption. The company will cease all new token issuances effective immediately, while redemption support will end one year from the announcement date…

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