Controversial crypto platform Tether is planning on launching a Chinese language Yuan-pegged stablecoin, in line with stories in China at the moment.
Tether’s Fourth Stablecoin
The stablecoin, which shall be often known as CNHT, would be the fourth stablecoin in Tether’s portfolio after ones backed to the US greenback (USDT), Euro (EURT) and the Japanese Yen (JPYT). The corporate’s plans have been revealed by Zhao Dong, a shareholder in Bitfinex, which shares the identical senior personnel as Tether, by way of Chinese language social media platform WeChat. Dong additionally mentioned that his peer-to-peer crypto lending firm, RenrenBit, will assist buying and selling and deposits of CNHT. It …
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