Tron network is set to introduce a Chinese currency-pegged stablecoin TCNH.The issuer of TUSD stablecoin will also take charge of the TCNH
The Tron network (TRX) is launching the equivalent of a central bank digital currency (CBDC) on the blockchain with the Chinese currency, TrueCNH (TCNH)
Justin Sun, the Huobi Global crypto exchange advisor, recently commented on the TRON-based stablecoin, TCNH, pegged to offshore Chinese Yuan (CNH) at a one-to-one ratio. Sun, the founder of the Tron blockchain, said:
It is anchored one-to-one with the offshore RMB, and there are no restrictions on purchase and exchange. In the future, the Chinese government will be open and optimistic about cryptocurrencies