Is no one trading CNHT ??

[Tommyhennessy]

So Tether announced their issuance of CNH pegged stablecoin $CNHT.
Looks like nothing is going on with this coin??
I've been trading stablecoins and was trying to see any opportunity with this new coin.
And then i checked CNHT on CMC is completely empty https://coinmarketcap.com/currencies/tether-cnh/
But today another exchange just announced they'll list CNHT https://medium.com/dinngo-exchange/tether-cnh-cnh-will-be-officially-listed-on-dinngo-41fa6e2e9795
Where is this market 

[1715074470]

1715074470

[1715074470]

1715074470

[ecnalubma]

We are pleased to announce the addition of offshore Chinese yuan (CNH) to our basket of supported currencies, and the launch of a new stablecoin, CNH₮. CNH represents a further expansion of Tether’s capabilities in facilitating the digital use of traditional currencies, such as US dollar (USDT) and euro (EURT). CNH₮ is pegged to CNH, and will initially be available only on the Ethereum blockchain as an ERC-20 token.

Tether

It looks like Tether is now diversifying stablecoins, Now its Chinese Yuan that they will print. I hope their audits won't be questionable or another issue might arise from this issuance.

[adjed]

It seems that nothing has been happening about the token because to be honest, nothing has really been happening with it, it was launched sometime in early September 2019 and up till this day, the total number of addresses holding the token are a whopping number of 20, and just 35 total transfers, you can see this information in it's contract addresses: https://etherscan.io/token/0x6e109e9dd7fa1a58bc3eff667e8e41fc3cc07aef

These days Tether just seems to find every little excuse to print a new coin and peg it to whatever catches their fancy, the latest would be a gold pegged Stablecoin, it hunk the dollar pegged Tether works just fine and so do majority of others but evidently, Tether doesn't agree.

[TGD]

Chinese trader is already in good position on USDT. It may cost them fee to trade there USD to Chinese Yuan for this time. CNHT is another stable coin too so don't expect too much on the market of this stable coin.
And also Tether has a lot of audit issue before in there USD deposit in bank. It might be crucial for Chinese Yuan audit in china that's why investors are not taking risk to divert there well position USDT to this new stable coin.

[thisnewcoin]

I am hearing this coin name for the first time as I don't follow the Tether anymore! Is this a stable coin for Chinese only ? Or they will make it available for everyone? So, another new stablecoin in the market? When Tether itself's action sometimes looks suspicious then I have no interest to invest in this such! I am okay with USDC or even DAI, PAX, TUSD!

[bassbity]

I just heard this news whether this CNHT pegged the price of Yuan or USD, and it seems like this has just been announced so all the public don't know it yet.
 Hmm and I think it looks like it's been a while and I just realized that https://twitter.com/Tether_to/status/1171091146698821634

[joinfree]

No, i don't know much about this stable coin but i don't know why you want to trade with these new cryptocurrency which does not have much support from the crypto industry? The stable cryptocurrencies to use are Tether, True USD, Gemini Dollar, DGX. These stable cryptocurrencies are backed by real fiat currencies for every tiny fraction of stable cryptocurrency that is minted into the crypto industry.

[Sri rahayu]

So Tether announced their issuance of CNH pegged stablecoin $CNHT.
Looks like nothing is going on with this coin??
I've been trading stablecoins and was trying to see any opportunity with this new coin.
And then i checked CNHT on CMC is completely empty https://coinmarketcap.com/currencies/tether-cnh/
But today another exchange just announced they'll list CNHT https://medium.com/dinngo-exchange/tether-cnh-cnh-will-be-officially-listed-on-dinngo-41fa6e2e9795
Where is this market 

Is this what you mean https://exchange.dinngo.co/#/login
I don't know much about this stable coin, your intention is quite impressive, wanting to get a decent profit when a new coin appears. I only suggest not to take risks with what you do yourself

[livingfree]

No data is showing because it's possible that the coin was recently added. We might see more of this info very soon. Normally, when the listed coin on CMC is like that, they've just added it so if you can't find the markets of it.

As for the other markets, it's on Bitfinex.

https://www.bitfinex.com/t/BTC:CNHT

[Pearls Before Swine]

I've been trading stablecoins and was trying to see any opportunity with this new coin.

Are you making any money with stable coins?  How are you trading them for a profit?  I'm not experienced with currency trading except for cryptocurrency, and I've always thought it would be next to impossible to make money with stable coins. 

Maybe CNHT just isn't popular yet, but who knows.  I've never heard of it before (tho I'm not into stable coins anyway), and I assume there hasn't been much publicity around it's release and that traders may not know much about it.

There's going to be more of these coins pegged to local currencies, and they're probably going to getting their start on binance as well.  They seem to be really getting into world currencies and I'll bet stable coins are going to be created for a lot of them.

[asriloni]

That should be an unknown market. As far as I know, this stable coin already listed on bitfinex and bittrex a month ago. bittrex was delisting it again consider about the regulation. Bitifinex is still trading it but with small volume. As you can see that remember china has already announced the ban to use CNH to buy crypto. When you are trading CNH stable coin that's the same as you use real CNH consider yuan used to backed tether CNH. That's why it was not getting a lot of demand and people still prefer to use USDT.

I was also watching this new stable coin for a month ago but nothing happened.