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.
The USDK stable coin is tradeable on the world’s second biggest exchange OKEx and joins a growing list of US dollar-pegged coins alongside market leader Tether (USDT), Coinbase’s USDC, TrueUSD and the Gemini dollar.
Cryptaur (CPT), the decentralized Ethereum-based ecosystem from Cyprus is pleased to announce that it will be listed on CoinBene’s secure and trustworthy crypto assets exchange.
Tether has issued another 250 million of its eponymous tokens and has become one of the world’s 10 largest cryptocurrencies.
To get rid of allegations over Tether not having the funds to back their tokens, Freeh Sporkin & Sullivan LLP, a law firm, released a report which confirmed Tether’s bank deposits and assured investors that its cryptocurrency is backed by USD.