Tether said that it will link its offshore RMB (CNH) to the Tron blockchain, and Bitfinex will become the first Tron blockchain transfer layer, allowing its customers to deposit and withdraw CNH over the platform.
CNH was launched in 2019 and is tied to the offshore Chinese Yuan (CNH). It was initially available solely as an ERC-20 token on the Ethereum blockchain, with TRON being the second blockchain network it supports. Tether supports four stablecoins: the US dollar (USD), the euro (EUR), and the Mexican peso (MXN).
“We’re pleased to add CNH to the Tron ecosystem. At a time when the crypto market is in chaos, we believe that the best way ahead is to keep building. Tether is operating as usual, and we hope that our continuous development and expansion will motivate others to do the same.” stated the CTO Paolo Ardoino.
Tether CNH’s debut on TRON demonstrates the company’s commitment to pioneering stablecoin technology and bringing the largest and most liquid stablecoins to global marketplaces worldwide.
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