Bitfinex and Tether: To soon the digital Yuan CNHT to be printed?

Tether as well as Bitfinex are suspected by the Output of the Tether and the Bitcoin to have a market temporarily, unilaterally manipulated. There are countless reports and studies on the net to prove this connection. The company behind Tether has now announced the launch of the digital Yuan.

Tether Holdings, a subsidiary of Bitfinex and the company behind the world-famous Stablecoin Tether has to be on the Flag is written to the digital Yuan (CHNT) to spend. Zhao Dong, a shareholder of the crypto-currency stock exchange, Bitfinex, has revealed in an Interview that Tether plans to bring China’s state-backed Stablecoin CNHT on the market. In addition, Tether is planning to bring a new Coin to the market, which will be backed by a commodity like Gold or crude oil.

Tether is a crypto-currency whose value is 1:1 is tied to the USD, and thus the value is almost stable. With a market capitalization of nearly 4 billion USD Tether is currently on place 6 of the largest crypto currencies in the world. Tether should also be the all-time high of Bitcoin in the year 2017, nearly 20,000 USD to be responsible. China is already working since more than 5 years on the development of its own digital currency, which will serve for its citizens of 1.4 billion Chinese, and for the international economy as a payment security.

A special Blockchain architecture is to be used, which has a high Transaction throughput and several Thousand transactions per second process should be able to. The digital Yuan should already be the beginning of the year 2020 output. Zhao Dong continues to say, that Tether will support the launch of (freely translated):

Personally, I think that the stable Offshore coin of the Yuan to boost the circulation of Offshore Renminbi-and inter-national could materialize. The regulatory authorities could be happy, if you want to see how it continues and is successful.

As a USDT was introduced in the year 2014, announced Bitfinex that a total of three tokens to come on the market:

  • USDT –> Tether covered by USD
  • Digital Euro, covered by the Euro
  • Digital Japanese YEN

Due to the popularity of what is currently taking place where all the hype around the digital Yuan Tether will bring the CHNT on the market. The news spread in the social networks like a purgatory, so this has the attention of fraudsters captured. In some of the forums is to read, that already now CNHT can be purchased. The scammers claim to be official from Bitfinex and Tether and want to Airdrops hold. This will send the ERC20 Smart Contract to the user and provide a juicy 30% discount on early stage investments in CNHT.

So far, there is still no launch date for CNHT. Furthermore, there is also still no official press release from Bitfinex or Tether. If and when this process is practically kicked into gear, remains to be seen.

Featured Image: Wit Olszweski | Shutterstock