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Tether Proposes Yuan-Backed Stablecoin

Published 08/22/2019, 04:47 AM
Updated 08/22/2019, 06:01 AM
 Tether Proposes Yuan-Backed Stablecoin
USD/CNY
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Tether, Inc., the printer of the USDT coin, may be planning the creation of another asset - CNHT, a stablecoin based on the Chinese yuan. The information is still unofficial and not confirmed by Tether, but has surfaced based on social media sources.

https://twitter.com/DoveyWan/status/1164139209248014337

The potential for a new stablecoin is watched closely, as Tether is extremely influential for digital asset price discovery. The move arrives after the past few months saw Chinese traders and merchants drawn to USDT for ease of transfers and bypassing ...

This article appeared first on Cryptovest

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