Tether launches CNH₮, a stablecoin pegged to Chinese Yuan

Tether, a leading provider of blockchain-based financial services, has launched an offshore Chinese Yuan-backed stablecoin. The new stablecoin, CNH₮, combines two of the world’s largest economies and makes it easier for users to transact with the Chinese Yuan (CNH) in a secure, digital form. With the launch of CNH₮, Tether continues to expand its suite…