Huobi Exchange Lists TCNH, a Stablecoin Pegged to Offshore Chinese Yuan
After the successful launch of TCNH, a stablecoin pegged to offshore Chinese Yuan (CNH), and the pilot program allowing organizations to mint TCNH, we are thrilled to announce that TCNH is now available on Huobi Exchange, where users can trade TCNH through the TCNH/USDT trading pair soon. Huobi is the first exchange that supports TCNH after its launch, which means apart from minting directly via TCNH’s official website after being verified as a whitelisted organization, users may also acquire TCNH tokens via the crypto trading pairs available on exchanges.
Once the world’s largest digital trading platform, Huobi Exchange is a leading crypto exchange that has witnessed its accumulative trading volume exceeding $1.2 trillion since its launch in 2013. Now Huobi has set up customer service teams in Singapore, Japan, Korea, Brazil, Hong Kong SAR, and other regions, aiming to provide secure and reliable crypto trading and digital asset management services for millions of users in over 130 countries/regions worldwide. According to the latest news, Huobi is applying for a license in Hong Kong, which is “a major step for the major cryptocurrency exchange and a sign of its continued commitment to operating in a compliant and regulated manner.” Therefore, Huobi’s soon-to-be status as the world’s first legalized exchange to acquire a Hong Kong license will be of great significance to TCNH.
Deployed on TRON, one of the world’s fastest-growing blockchains, the CNH-pegged stablecoin TCNH will benefit from low transaction costs and instant transfer, among other advantages. Looking into the future, it is also TCNH’s plan to comply with applicable laws and technical requirements while having itself audited by world-class accounting firms. TCNH is aimed to become part of the dazzling kaleidoscope of stablecoins for users worldwide.
TCNH’s listing on Huobi Exchange will further build up its presence in the global market whilst allowing other CNH-pegged stablecoins alike to pack a heavier punch on the global stage. We hope that the launch of TCNH will open up more possibilities to the crypto market worldwide.
