Tether has Launched Stablecoin Pegged to Offshore Chinese Yuan

Tether has launched its offshore Chinese Yuan-pegged stablecoin CNHT the firm announced Monday. 

Offshore Yuan refers to Yuan traded outside of Mainland China. Zhao Dong, a shareholder of Bitfinex, in August this year told a Chinese media outlet that the CNHT would be launched “in the near future.”

For now, CNHT is available on the Ethereum blockchain as an ERC-20 token and it is the fourth stablecoin that Tether supports. Alos, a Chinese market observer thinks that due to China’s strict capital controls, a product like CNHT will draw more attention from Chinese regulators, which may negatively impact the Chinese crypto community. (Neutral)

Nasdaq Added Crypto-Related Index For Decentralized Finance ‘Defix’

According to an announcement on Monday, stock exchange operator Nasdaq has added yet another crypto-related index – this time for decentralized finance (DeFi).

The operator has partnered with London-based brokerage firm EXANTE to offer the DeFix index, which includes “real-time” information for projects such as Augur and MakerDAO, among others.

“DeFiX is the first altcoin index that reflects the dynamics of the most promising blockchain projects working in decentralized finance: Augur, Gnosis, Amoveo, Numerai, Maker, 0x,” said Nasdaq.

The new index is available on the Nasdaq Global Index Data ServiceSM (GIDS), its consolidated data feed, and is refreshed every 60 seconds. In addition to Nasdaq, users can also view the DeFix index on Tradingview and Google, as well as Yahoo Finance in the future, per the announcement. (Positive)

Posjetite našu Mjenjačnicu kriptovaluta

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