Tether to Issue Stablecoin Pegged to Chinese Yuan
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21 August
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According to Zhao Dong, a shareholder of Bitfinex, the issuer of USDT stablecoin Tether Limited may soon roll out a new stablecoin called CNHT that would be pegged 1:1 to Chinese yuan.

However, Zhao adds Chinese regulators will not be happy about it.

"Hope this won't destroy Tether. I don’t think that CHNT will be in sufficient demand, as local residents continue to exchange USDT for yuan," Zhao highlighted.

Zhao also notes that Tether will not probably start a new banking partner to store assets, so Bahamian bank called 'Deltec Bank' will remain as the main bank partner.

Earlier iHodl reported that according to a report by market research company Coin Metrics, 80% of all Tether tokens are stored in just 318 addresses.

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