Disclaimer: This is a press release by Tether.
ROAD TOWN, British Virgin Islands, September 10, 2019 – Tether, the first blockchain-enabled platform facilitating digital use of traditional currencies, now supports offshore Chinese yuan (CNH), and has launched a new stablecoin, CNH₮.
The addition of CNH demonstrates Tether’s growing capabilities in facilitating the digital use of traditional currencies. The platform also supports US dollar (USDT) and euro (EURT).
Tether is now able to receive wire transfers of CNH at tether.to.
Tether’s new stablecoin, CNH₮, is pegged to CNH and is initially available only on the Ethereum blockchain as an ERC-20 token, visible at the following address: https://etherscan.io/token/0x6e109e9dd7fa1a58bc3eff667e8e41fc3cc07aef.
Created in October 2014, Tether was the first stablecoin in existence, and remained the sole stablecoin in the market until March 2018. Tether is disrupting the legacy financial system by offering a more modern approach to money. By introducing fiat currency-digital cash to the Bitcoin & Ethereum blockchains, Tether makes a significant contribution to a more connected ecosystem by adding digital currency benefits, such as instant global transactions, to traditional currency and traditional currency benefits, such as price stability, to digital currency. With a commitment to full transparency and compliance, Tether is the most secure, fastest and lowest cost way to transact with money.