Tether stops minting CNHT: strategic reorientation towards core products

LiquidityWizard · 2026-02-28T12:05:00+00:00

Tether has announced it will cease minting new CNHT tokens to focus on products with greater community adoption. The transition involves an immediate halt to new issuances and redemptions concluding one year later, driven by insufficient market demand and operational costs. Users are advised to redeem their tokens before the deadline.

LiquidityWizard

2026-02-28 12:05:00

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Tether has announced a significant change in its product strategy by deciding to stop minting new CNHT tokens (Tether Offshore Yuan). The company has informed PANews that it will cease all new issuances of the yuan-pegged token, focusing its resources on products with greater community adoption. This move represents a major reconfiguration of the platform’s asset portfolio.

Transition Timeline: New Issuances and Redemption Process

Effective immediately after the announcement, Tether will halt the minting of new CNHT tokens, stopping any increase in the token’s circulating supply. The closure schedule will be structured in two phases: an immediate suspension of new issuances and the completion of the redemption service exactly one year after the official announcement. During this transition period, the platform will issue reminder notices to ensure CNHT holders complete their redemption operations on supported blockchain networks in a timely manner.

Market Pressure and Operational Efficiency Behind the Decision

The discontinuation of CNHT responds to multiple market factors that have converged in recent months. Tether identified that the product’s utilization has remained below expected thresholds, with limited demand from the user community compared to other platform tokens. The company explained that the current level of adoption is insufficient to justify the operational costs required to maintain the same security and service standards that characterize its main products. This profitability analysis led to the conclusion that resources invested in CNHT could be better utilized in initiatives with higher growth potential.

What Users Should Do: Steps Toward Redemption

For those holding CNHT on supported blockchain networks, Tether recommends executing redemption operations promptly before the one-year deadline. The company will continue processing all redemption requests in full compliance with the established terms of service, ensuring no user is adversely affected by the policy change. Those who do not complete redemption before the expiration date should explore alternative options for asset conversion or transfer.

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