Tether Ends CNH₮ Stablecoin Support with One-Year Redemption Deadline

Tether halts CNH₮ minting and sets a one-year redemption window as it shifts focus to USDT amid weak offshore yuan demand.

Rich by Coin

2026-02-21

Tether has dropped support for its CNH₮ stablecoin, ending minting on February 20 and giving holders one year to redeem tokens.
The move follows weak adoption and low trading activity.
Tether now focuses on higher-demand assets like USDT.
Tether announced it will discontinue support for CNH₮: effective immediately, no new tokens will be issued; redemption support will end one year after the announcement, with a prior reminder.

CNH₮ launched in December 2022.
The token tracked the offshore yuan, known as CNH.
It aimed to give crypto traders easier yuan exposure.
At launch, the company targeted Asian market demand.

However, adoption stayed limited.
Trading volumes remained low across exchanges.
Liquidity never reached strong levels.
As a result, the token failed to build momentum.