Tether initiates two-stage discontinuation of Chinese yuan CNH₮ stablecoins

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 […]