CNHT

CNHT (Tether CNH) is a Chinese yuan stablecoin issued by Tether, on 2 chains. Supply is 20.50M CNY ($3.08M).

CNY · Asia-PacificHistory stopped 2 Jul 2026Tetherfiat-backed
Supply
$3.08M
20.50M CNY · not onchain (DefiLlama)
Trading volume
No DEX pool
None tracked · updated 31 Oct 2026
Transfer volume
$89.21
Sep 2026, full month
Active addresses
1
Sep 2026, full month

Monthly supply by chain

By chain · USD · trading price when there is one, otherwise today's FX rate

$0$2M$4MJAN 26FEB 26MAR 26APR 26MAY 26JUN 26JUL 26

Supply

USD · not onchain (DefiLlama history) · since 2 Jul 2025

$0$1.00M$2.00M$3.00M$4.00M1 FEB1 MAR1 APR1 MAY1 JUN1 JUL

CNHT · USD/CNY

Rate

6.6574*

USD/CNY.

Gap to the market rate

—*

No gap. This price is not one we measured.

Gap vs market rate

3 months, 30 Jul – 30 Oct.

No measured buys since 1 Sep.

Cost to convert

What a swap costs vs the market rate, fee and price impact included.

No size costs yet: we have no onchain pool quote for CNHT. Why

bps = basis points. 100 bps = 1%.

* Price from DefiLlama: no onchain pool passed our checks, so no gap.

Apps and protocols

Apps that support CNHT

Not published yet. We list an app only when there is a public source for it.

Verify and integrate

Not found: Licence.

How to get CNHT

Winding down. The issuer has stopped or is ending minting new stablecoins.

Who can mint
Not confirmed
Mint
Tether halted all new CNH₮ minting on Feb 20, 2026 following a Chinese regulatory warning on unapproved yuan-pegged stablecoins; no new minting.
Redeem
Verified Tether customers can still redeem existing CNH₮ 1:1 for offshore yuan under existing terms until Feb 21, 2027.
Payment rails
Not confirmed

Compiled 23 Sep 2026 from public issuer information (tether.io, kucoin.com, protos.com). Not advice. Confirm with the issuer before sending funds. Report a correction.

CNHT contract addresses (2)

Each address opens in that chain's block explorer.

Not confirmed by the issuer yet. Issuers can request a check →

FAQ

What is CNHT?
Tether CNH (CNHT) is a Chinese yuan stablecoin issued by Tether and backed by fiat reserves. 20.50M CNY is in circulation on 2 chains; 73.2% is on Tron.
How do I mint or redeem CNHT?

Mint: Tether halted all new CNH₮ minting on Feb 20, 2026 following a Chinese regulatory warning on unapproved yuan-pegged stablecoins; no new minting. Redeem: Verified Tether customers can still redeem existing CNH₮ 1:1 for offshore yuan under existing terms until Feb 21, 2027. Compiled 23 Sep 2026 from public issuer information; confirm with the issuer before sending funds.

Sources: tether.io · kucoin.com · protos.com

Where does the CNHT supply figure come from?
From DefiLlama, because our own contract read is incomplete or disagrees without a sourced explanation. This page says why.
How is the CNHT gap measured?
Its latest USD price (from its pool, or DefiLlama) is compared with the latest market rate for CNY (Wise mid-market, from Reuters) where we have it, else the ECB reference rate. The stablecoin page, the CNY page and the FX page use the same rate, so they show the same gap. Zero means exactly at the market rate, + means it costs more USD than the market rate, − less; 100 bps = 1%.
Why is CNHT shown in USD?
CNHT has a trading price ($0.15, from DefiLlama), so its supply is shown in USD at that price.
Where does this data come from?
Supply
We show DefiLlama's figure, not our onchain read. Alert: Our onchain read is 24% higher than DefiLlama's. Ethereum already subtracts Tether Treasury 0x5754284f345afc66a98fbb0a0afe71e0f007b949 (19496531.1 CNH₮ in the 2026-10-12 read). Tron totalSupply() is 20000000 and includes CNH₮ Tether reports as unissued. Tether does not name that wallet, and app.tether.to/transparency.json no longer lists CNHT, so there is no balance to subtract. We show DefiLlama's until that gap is explained. Source ↗
Left out of supply
19.50M CNY in Tether Treasury on Ethereum (0x5754284f345afc66a98fbb0a0afe71e0f007b949) · view on explorer ↗ · Named on etherscan.io ↗

Left out of supply: units in wallets a public source names as the issuer's (not issued yet, treasury or reserve, or returned and waiting to be burned).

By chain
Tron 73.2% ($2.25M), Ethereum 26.8% ($826.67K)
Price
DefiLlama's price. No onchain pool passed our checks.
History
DefiLlama's daily history. It stopped updating on 2026-07-02. Tron before 2026-09-28 is from DefiLlama.