August 21, 2019 Tether plans to release a fourth stablecoin, CHNT, pegged to the Chinese Yuan.

Unlike a previous renminbi stablecoin released by eToro, the CHNT will be tied to the offshore yuan rather than the onshore yuan. Few details have emerged about the upcoming token, which is slated to be released in the near future. Tether is also planning to release a Japanese Yen-backed stablecoin, JPYT.