Tether to discontinue CNH₮ stablecoin, halts new issuance effective immediately

Tether has pulled the plug on offshore Chinese yuan-backed stablecoin CNH₮, saying that new tokens will no longer be issued from them anymore. In a press release on Saturday, Tether said, “We continuously evaluate our stablecoin offerings to ensure they align with real-world usage, long-term sustainability, and the needs of the communities that rely on […] source: https://www.cryptopolitan.com/tether-to-discontinue-cnh%e2%82%ae-stablecoin/