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Breaking: Tether Launches Chinese Yuan (CNH₮) On Tron

On Dec. 6, Tether, the stablecoin issuer, revealed that its offshore Chinese Yuan (CNH) would now be available on the Tron blockchain. Using the Tron blockchain transport layer, Bitfinex will be the first exchange to let users deposit and withdraw CNH₮ at launch.

CNH₮ was founded in 2019 and is linked to the offshore Chinese yuan (CNH). With the debut of CNH on TRON, it will become the second blockchain on which it is possible to acquire, trade, and hold CNH, which was initially only available as an ERC-20 token on the Ethereum network.

(By Pratik Bhuyan)

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