Tether Announces Launch of Stablecoin CNH₮ on TRON

According to official news, Tether announced the launch of CNH₮, a stablecoin anchored to offshore RMB on TRON. "This is an important milestone for cryptocurrency and the Asian community," said Justin Sun, founder of TRON.

As a professional blockchain platform operator, Tether powers the most widely used stablecoin, its CNH₮ was created in 2019 and is pegged to the offshore Chinese yuan (CNH). After Tether announced the addition of CNH₮ to TRON, TRON has also become the second blockchain network to support CNH₮. Users can acquire, trade, and hold CNH₮ on the TRON network.

“We are delighted to bring CNH₮ into the TRON ecosystem,” said Tether Chief Technology Officer Paolo Ardoino. "At a time when the cryptocurrency market is going through tremendous volatility, we believe the best way to do this is to keep building."

At present, TRON has become the fastest-growing public chain in the world. The total number of TRON accounts has exceeded 126 million, and the number of transactions has exceeded 4.3 billion. It continues to promote the international strategic layout, and TRON users are all over the world. The launch of CNH₮ on TRON, on the one hand, has enriched the ecosystem and trading methods of TRON, on the other hand, it has also greatly enhanced the liquidity of CNH₮ itself, helping it develop a broader financial platform on a global scale market.

Announcement details link: https://tether.to/en/tether-launches-offshore-chinese-yuan-cnht-on-tron/