Tether who created other stablecoins such as the USDT, JPYT and EURT have now made a new stablecoin that is pegged to the CNHT. This is a great idea at the moment as cryptocurrencies are taking off like wildfire in China. It is hard to say how this will work with the new cryptocurrency that is being produced by the Chinese government but there is time to see how it will work out. It is not out at the moment but it is said to be released in the near future. CNHT is available on the Ethereum blockchain as an ERC-20 token. CNHT is the fourth stablecoin that Tether supports, according to Block. A Chinese market analyst has noted, due that China’s strict capital controls, a product like CNHT will draw more attention from Chinese regulators, which may hinder impact the Chinese crypto community. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next USD/CHF higher on the day in anticipation of a dovish ECB FX Street 4 years Tether who created other stablecoins such as the USDT, JPYT and EURT have now made a new stablecoin that is pegged to the CNHT. This is a great idea at the moment as cryptocurrencies are taking off like wildfire in China. It is hard to say how this will work with the new cryptocurrency that is being produced by the Chinese government but there is time to see how it will work out. It is not out at the moment but it is said to be released in the near future. CNHT is available on the Ethereum blockchain as… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
