Tether to Cease Support for CNHT Product

Tether has announced a strategic adjustment to its CNHT product, ceasing support to better focus on community-driven core products. According to PANews, Tether will halt all new CNHT issuances and stop minting additional tokens effective immediately. A year after the announcement, redemption support for CNHT will end, with a reminder notification to be issued before the redemption deadline. Tether stated that the decision was influenced by changes in market conditions, low product interest, and limited ongoing demand from the community compared to other assets. The current usage scale of CNHT is insufficient to justify the operational costs required to maintain the same standards as other products. Until the redemption deadline, Tether will continue to process CNHT redemption requests in accordance with its terms of service. The company advises users holding CNHT on supported blockchain networks to complete redemption operations promptly.