Tether Operations Limited (@Tether_to), the company that powers the most widely used stablecoin by market capitalization, has announced the addition of its offshore Chinese Yuan (CNH₮) to the #Tron blockchain.
A thread 🧵
#Tether #CNH #stablecoins #stablecoin
A thread 🧵
#Tether #CNH #stablecoins #stablecoin
/1 At launch, @bitfinex will be the first exchange to enable its users to deposit and withdraw CNH₮ using the Tron blockchain transport layer from the platform.
/2 Created in 2019, CNH₮ is pegged to offshore Chinese yuan (CNH) and initially available only on the Ethereum blockchain as an ERC-20 token. Its launch on #TRON will make it the second blockchain on which CNH₮ can be obtained, traded, and held.
/3 CNH₮ is one of four stablecoins that Tether supports, including stablecoins pegged to the U.S. Dollar (USD₮), Euro (EUR₮), and Peso (MXN₮).
/4 "We’re excited to bring CNH₮ to the Tron ecosystem," said @paoloardoino, CTO of Bitfinex & Tether. "At a time when the crypto market is experiencing immense turmoil, we believe that the best way forward is to keep building."
/5 The launch of Tether's CNH₮ on TRON represents the company's dedication to expanding its position as a leader in the stablecoin market and bringing the largest and most liquid stablecoins to global markets everywhere.
/6 This news comes at a time when the crypto market is experiencing significant turmoil - @Tether_to remains committed to its mission of providing stablecoins to global markets.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
