Tether is preparing to launch a new stable digital currency pegged to the Chinese yuan
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Answer Tether is preparing to launch a new stable digital currency pegged to the Chinese yuan
Tether has revealed its willingness to launch a new stable digital currency that will be called “CNHT” and its price will be linked to the offshore Chinese yuan (CNH).
It is worth noting that there are two symbols for the Chinese yuan:
Inland yuan (CNY): It is the currency that is traded within China and its value fluctuates against a number of currencies within a narrow range determined by the Chinese government.
External currency yuan (CNH): It is the currency that trades outside of China and has a number of major markets such as London, Hong Kong and Singapore.
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Zhao Dong, an investor in Tether-owner Bitfinex, said the CNHT cryptocurrency will be launched soon.
Dong said to ChainNews . website Crypto lending platform RenrenBit will be the first to invest in the new digital stablecoin.
CNHT will be Tether’s fourth stablecoin, and will be Add them to the Digital Dollar (USDT), the Digital Euro (EURT) and the Japanese Yen (JPYT).
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