Tron Network Launches Chinese Currency-pegged Stablecoin 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). According to reports, TCNH will be issued by the TrueUSD team, which currently administers TUSD stablecoin with over a $753,611,088 market cap. Notably, the TRX network has a native algorithmic stablecoin called USDD, trading at $0.9826. The algorithmic stablecoin lost its $1 peg early last month in the height of crypto FUD, given the bankruptcy of the FTX exchange.Similarly, the Cardano blockchain recently teamed up with COTI, a layer-one protocol, to establish an over-collateralized algorithmic stablecoin, DJED. The stablecoin will go live on.The post Tron Network Launches Chinese Currency-pegged Stablecoin TCNH appeared first on Coin Edition.
Source
https://t.me/Terra_Luna_Tron
