Tether Launches Its Chinese Yuan-backed Stablecoin on Tron
According to Tether, this launch is well in line with its mission of “pioneering stablecoin technology and bringing the largest and most liquid stablecoins to global markets everywhere.”
Circle CEO Thinks China’s Cryptocurrency Will Lead the Crypto Competition
Circle CEO Jeremy Allaire said that China’s research and development on CBDC outclass its peers and the digital version of Chinese Yuan could possibly bypass the Western banking system.
Tether Launches a New ERC-20 Stablecoin Backed by Chinese Yuan
By
Darya Rudz
Backed by offshore yuan, the new stablecoin adds to three other Tether’s stablecoins pegged to such fiat currencies as U.S. dollar (USDT), Euro (EURT) and the Japanese yen (JPYT).
Tether Plans to Launch New Stablecoin ‘CNHT’ Pegged to Offshore Chinese Yuan
At the wake of an increased patronage for stablecoins, Tether adds yet another stablecoin to its repository, unveiling that this new ‘CNHT’ stablecoin would be tied to the offshore Chinese Yuan.