Tether Shuts Down CNH₮ Stablecoin Due to Low Demand and Market Pressures

The largest stablecoin issuer, Tether, has said that it decided not to support its offshore Chinese Yuan-pegged Stablecoin CNH₮ because of the weaker demand compared with its other stablecoin products and tighter regulatory pressures. According to the announcement on February 20, Tether said that it will follow a structured, transparent