Tether Announces Wind-Down of CNH₮ Stablecoin
Tether has confirmed plans to phase out its offshore yuan-pegged stablecoin, CNH₮, citing declining usage and market relevance. New token minting ceased immediately on February 21, 2026, though redemptions will remain available during a structured transition period.
The company's internal review revealed CNH₮ no longer meets operational thresholds compared to other offerings in its portfolio. A two-phase wind-down begins with halted issuance, followed by redemption closure one year post-announcement. Users will receive advance notice before final discontinuation.
Tether emphasizes this strategic shift enhances ecosystem efficiency. The MOVE reflects ongoing optimization of stablecoin offerings amid evolving market demands and regulatory landscapes in the digital asset sector.
