TechFlow news — On December 15, the offshore Chinese yuan stablecoin TCNH launched on the TRON blockchain, enabling users to obtain, hold, and trade TCNH directly on TRON. This marks a significant milestone as TCNH becomes one of the first offshore yuan stablecoins on TRON, further solidifying TRON's position as a leading infrastructure for stablecoin transactions within the cryptocurrency industry. The growing diversity of stablecoins on-chain also contributes to the continuous expansion of TRON's ecosystem.
Sun Yuchen, founder of TRON and member of Huobi Global Advisory Board, stated on his official X (formerly Twitter) account that both Tether and TrueUSD have chosen to deploy their offshore Chinese yuan stablecoins on the TRON network. He noted that CNH₮ and TCNH—the offshore yuan stablecoins issued by Tether and TrueUSD respectively—will accelerate the arrival of the next crypto bull market. Sun emphasized that the significance of this development is currently underestimated and not yet widely recognized.
Recently, Tether officially announced the launch of CNH₮, a stablecoin pegged to the offshore Chinese yuan (CNH), on the TRON network, making TRON the second blockchain platform supported by Tether for this asset. Trading pairs for CNH₮ have also been listed on Huobi.
