Based on CoinEdition, Tether has launched USD₮0 and CNH₮0 on the Conflux blockchain to connect offshore yuan and U.S. dollar liquidity for cross-border transactions. The deployment provides a regulatory-compliant network in Asia for CNH-denominated payments, credit, and FX flows. The dual token launch aims to create a unified liquidity layer for businesses to move value between China-focused and dollar markets. Tether is expanding its on-chain liquidity network to support cross-border settlements in Asia, the Middle East, and Europe. The CNH₮0 token allows CNH-backed value to move across multiple chains without wrapped tokens or liquidity fragmentation, enabling institutions to build payments networks and lending markets. The Conflux blockchain, chosen for its high throughput and regulatory alignment, supports fast confirmation times and compatibility with Ethereum-based tools. This move positions Tether to strengthen CNH liquidity across chains and expand financial access in global markets.
Tether Launches USD₮0 and CNH₮0 on Conflux to Bridge US-China Liquidity
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