Overview
- Tether has stopped issuing new CNH₮ tokens effective immediately and opened a structured, one-year wind-down.
- Redemptions will continue under Tether’s terms of service until a final deadline expected in February 2027, with a reminder to be issued before cutoff.
- Tether says CNH₮ failed to meet benchmarks for demand and practical use, making ongoing operational and compliance support uneconomical.
- Resources will be redirected to products with stronger uptake, led by USDT, alongside efforts to strengthen core stablecoin liquidity and tokenization tools.
- The phase-out mirrors earlier portfolio pruning such as the EUR₮ sunset, and CNH₮’s peg to China’s offshore yuan distinguishes it from the onshore CNY.