Tether has announced the termination of support for its Chinese yuan–pegged stablecoin CNH₮ (CNHT), marking the end of one of its major non-dollar stablecoin experiments. The company confirmed that new issuance of CNHT tokens has stopped effective immediately, while existing holders will be able to redeem their tokens for a limited period. The announcement, highlighted in recent reports, reflects a strategic shift by Tether as it adapts to evolving regulatory conditions and changing market demand for fiat-backed stablecoins. While Tether’s flagship stablecoin continues to dominate global markets, smaller fiat-pegged experiments appear to be facing increasing operational and regulatory challenges. The
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