Tether will cease supporting CNHT: issuance will stop immediately, and redemption will cease one year later.

PANews reported on February 21 that Tether officially announced a strategic adjustment to its CNHT product and the discontinuation of support to better focus on its community-driven core product development. Effective immediately, Tether will cease all new CNHT issuances and will no longer mint new tokens. One year after the announcement, redemption support for CNHT will be terminated, and a separate reminder will be issued before the redemption deadline. Tether stated that this decision is based on factors such as changes in the market environment, low product interest, and limited continued community demand compared to other assets. The current usage scale of CNHT is insufficient to support the operating costs required to maintain the same standards as other products. Before the redemption deadline, Tether will continue to process CNHT redemption requests according to the terms of service. Tether officially recommends that users holding CNHT on various supported blockchain networks complete their redemption operations as soon as possible.