bitcoin
Tether To Terminate Offshore Yuan (CNH₮) Operations – Here’s Why
📰 sources⭐ 6.0
TL;DR:
Stablecoin operator Tether has announced its decision to discontinue support for its offshore Chinese Yuan token CNH₮. The USDT operator has attributed this development to a lack of market demand, among other points.
Key Points:
Background:
Bitcoin is the first and largest cryptocurrency by market capitalization, often viewed as digital gold and a store of value.
Why It Matters:
This development could influence ETH price action and market sentiment in the near term.