Tether Ends CNH₮ Stablecoin Support: Here’s Why

TLDR: Tether will stop CNH₮ issuance immediately and end redemptions after one year due to limited demand. The CNH₮ phaseout follows a structured process with advance notice and a fixed redemption deadline. Tether said low adoption levels no longer justified ongoing operational and compliance support. The company plans to redirect resources toward stablecoins with stronger [...]

The post Tether Ends CNH₮ Stablecoin Support: Here’s Why appeared first on Blockonomi.