Jessie A Ellis
Nov 12, 2025 07:43
Tether’s CNHT0 stablecoin, pegged to the offshore Chinese yuan, launches on the Conflux (CFX) network, promising enhanced liquidity and cross-border payment solutions.
Tether has officially launched its offshore RMB stablecoin, CNHT0, on the Conflux (CFX) network, according to the Conflux Forum. This stablecoin, pegged to the offshore Chinese yuan (CNH), is developed using LayerZero’s Omnichain Fungible Token (OFT) standard. The introduction of CNHT0 is expected to enhance liquidity in global trade, cross-border payments, and the digital financial ecosystem.
Key Features of CNHT0
CNHT0 is directly issued and managed by Tether on the Conflux network, which ensures a high level of transparency and traceability for assets. The stablecoin is designed with cross-chain interoperability in mind, leveraging the LayerZero OFT standard to enable seamless transfers across major blockchain networks in the future. Notably, CNHT0 operates without the need for third-party bridges, thereby enhancing asset safety and reducing potential risks.
The stablecoin also supports multi-currency operations, complementing the existing USDT0 to establish a robust stablecoin infrastructure on Conflux. This feature provides a solid foundation for future cross-chain assets, payments, and other financial applications.
Potential Implications and Future Prospects
The launch of CNHT0 marks a significant step forward for Conflux, opening up new possibilities in cross-border settlements, institutional asset management, and on-chain financial innovation. Although still in its early stages of adoption, the stablecoin’s introduction sets the stage for broader integration between on-chain assets and the real-world economy.
Looking ahead, Conflux is committed to fostering a more secure, open, and interconnected global digital financial network. This initiative is expected to drive deeper integration of digital assets with traditional financial systems, further enhancing the network’s utility and adoption.
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Source: https://blockchain.news/news/tethers-cnht0-stablecoin-debuts-on-conflux-network
