Tether to issue new stablecoin ‘CNHT’, pegged to offshore Chinese yuan
Tether plans to launch a new stablecoin. trading as CNHT, that will be pegged to offshore Chinese yuan according to a shareholder of Tether's sister company Bitfinex. Despite being tied up in an investigation by the N.Y. Attorney General's Office U.S. dollar Tether's ($USDT) market cap has grown to more than $4 billion.
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