Tether launches offshore Chinese Yuan CNH₮ Overview: Tether (the issuer of USDT) recently introduced CNH₮ (CNH Tether), a stablecoin pegged 1:1 to the offshore Chinese Yuan (CNH). It is 100% backed by Tether’s reserve assets, including traditional currencies, cash equivalents, and other assets. The goal is to support the use of offshore Chinese Yuan in the digital currency ecosystem, applicable to scenarios like cross-border transactions, arbitrage, and merchant payments. Current size: ¥20,503,468, available on Tron and Ethereum chains. So, what can users do with it? https://tether.to/en/transparency/?tab=cnht