Tether’s offshore RMB stablecoin, CNHT0, has been officially issued on the Conflux network. Built on LayerZero’s Omnichain Fungible Token (OFT) standard and pegged to offshore Chinese yuan (CNH), CNHT0 injects new liquidity into global trade, cross-border payments, and the broader digital financial ecosystem, while establishing foundational infrastructure for future multi-currency settlement and asset circulation.
Key Features of CNHT0
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Native Issuance: Directly issued and managed by Tether on Conflux, ensuring transparency and traceability of assets.
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Cross-Chain Interoperability: Built on the LayerZero OFT standard, CNHT0 can seamlessly transfer across major blockchain networks in the future.
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Asset Safety: Operates without relying on third-party bridges, reducing potential risks and safeguarding asset stability.
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Multi-Currency Support: Complements USDT0 to form the stablecoin infrastructure on Conflux, providing a technical foundation for future cross-chain assets, payments, and financial applications.
Although CNHT0 is still in its early stages of adoption, its launch opens new possibilities for Conflux in areas such as cross-border settlement, institutional asset management, and on-chain financial innovation.
Reference Information
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Launch Announcement: https://x.com/Conflux_Network/status/1988286488304615709?s=19
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Conflux CNHT0 Contract Address: https://evm.confluxscan.org/token/0xded1660192d4d82e7c0b628ba556861edbb5cada
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Ecosystem applications are gradually being developed and refined. As infrastructure and partner networks grow, CNHT0 is expected to be adopted across a wider variety of use cases.
Looking ahead, Conflux will continue to drive deeper integration between on-chain assets and the real economy, building a more secure, open, and interconnected global digital financial network.
Conflux Team
November 12, 2025