Tether will cease the issuance and redemption of the offshore RMB stablecoin CNHT.

GateNewsBot

2026-02-21 01:16:54

Foresight News reports that Tether has announced it will cease issuing the offshore RMB stablecoin CNHT effective immediately, and one year after the announcement, it will stop supporting redemptions for CNHT. Tether stated that consumer interest in the product is low, the community demand for CNHT is limited, and its usage level is insufficient to support the operational standards required for all of Tether’s products.

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Tether announces the official discontinuation of support for the offshore RMB stablecoin CNHT, offering a one-year redemption window.

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Tether announces the discontinuation of its offshore RMB-pegged stablecoin CNHT due to lack of market acceptance. This is part of its strategic adjustment to focus resources on products with higher endogenous adoption. Existing holders must complete redemptions by 2027.

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