Chinese Yuan News

Tether announced the integration of its Chinese yuan stablecoin (CNHT) to the Tron blockchain. Bitfinex will be the first exchange to support deposits and withdrawals in the new stablecoin. Tether initially launched its offshore Chinese Yuan stablecoin (CNHT) on Ethereum…

Russian authorities have approved the country’s first legal digital asset deal using the Chinese Yuan. The transaction, worth about 58m Chinese yuan ($8.3m), became the biggest legal deal of its kind in Russia.  Russia’s first digital asset deal denominated in…

VanEck, an investment firm, has made a very high BTC and gold valuation based on the extremities that get the title of a global reserve currency. The firm believes that Bitcoin (BTC) has double the upside of gold.  Gold and…

Leading cryptocurrency exchange Binance, said that the Chinese yuan (CNY) trading will not be available on its customer-to-customer (C2C) trading platform by the end of December 2021. Binance Takes Action Against Mainland Chinese Users Binance announced the news via a…

HSBC Bank, one of the biggest financial institutions in the world, has successfully completed its first distributed ledger technology (DLT) powered letter of credit transaction pegged to the Chinese yuan. HSBC Completes Letter of Credit on Voltron Per sources close…