Tether Halts CNHT Issuance and Plans Redemption Transition

Tether halts CNHT issuance and will end redemption support after one year, citing market shifts and waning demand while prioritizing core product development.

Rich by Coin

2026-02-21

Tether officially announced a strategic adjustment to its CNHT product and the discontinuation of support to better focus on its community-driven core product development. Effective immediately, Tether will cease all new CNHT issuances and will no longer mint new tokens. One year after the announcement, redemption support for CNHT will be terminated, and a separate reminder will be issued before the redemption deadline. Tether stated that this decision is based on factors such as changes in the market environment, low product interest, and limited continued community demand compared to other assets.

The current usage scale of CNHT is insufficient to support the operating costs required to maintain the same standards as other products. Before the redemption deadline, Tether will continue to process CNHT redemption requests according to the terms of service. Tether officially recommends that users holding CNHT on various supported blockchain networks complete their redemption operations as soon as possible.

Tether has announced a strategic adjustment to its CNHT product and will discontinue support to focus on its community-driven core product development. Effective immediately, CNHT issuances will cease and new token minting will stop. The decision references changes in the market environment, limited product interest, and diminished community demand for CNHT. One year after the announcement, redemption support for CNHT will be terminated, and a separate reminder will be issued before the redemption deadline.

Tether will continue to process CNHT redemption requests in accordance with the terms of service until that deadline. The company notes that CNHT’s current usage does not justify the operating costs required to maintain the same standards as other products. Before the redemption deadline, Tether will continue to process CNHT redemption requests according to the terms of service. Tether officially recommends that users holding CNHT on supported blockchain networks complete their redemption operations as soon as possible.