CNHCCNHC price CNHC
CNHC to USD Chart
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- Market cap
- Volume (24h)
- Volume/Market cap (24h)
- Self-reported circulating supply
- 5,000,000 CNHC
- Total supply
- 0 CNHC
- Max. supply
- Fully diluted market cap
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CNHC (CNH Coin) is a stablecoin pegged to the CNH at a ratio of 1:1 and is bound to become the gateway from traditional finance to the blockchain world. Its core applications are money transfers, cross-border trade settlements, and liquidity management.
CNHC is issued exclusively by CNHC Group. Its fiat reserves are safeguarded in a licensed trust held by internationally renowned custodian banks. The CNH reserves of CNHC are reviewed regularly by independent audit firms.
The prosperity of CNHC stems from a tremendous network effect. CNHC has gained support from several top investment institutions and Internet giants.
1). Payments and trade settlement
Most countries along the Belt and Road are subjected to a certain degree of capital control. This inflexibility causes a large number of foreign traders to resort to underground channels for their transactions despite increased compliance risks.
Chinese exporters are generally willing to accept RMB as a settlement currency. Thanks to blockchain technology, users can perform safe and compliant cross-border transfers from the comfort of their home, 24/7.
CNHC is a powerful tool to facilitate transactions such as for cross-border procurement, commodity trades, payment of wages overseas, e-commerce, and gaming platform payments.
2). RMB assets allocation
China is now the world’s second-largest economy. The offshore RMB (CNH) global reserves now exceed 200 billion U.S. dollars and are increasing year after year. Because China is such a manufacturing giant, the ability to exchange CNH for tangible goods or assets in the future is certain.
Example: CNHC allows users to hold offshore RMB (CNH) without having to open a RMB denominated bank account. This is a powerful liquidity management tool, especially for users in countries with a high inflation rate because the stability of the RMB protects their liquid assets from erosion.
Stablecoins are an essential building block of the future economy. Thanks to their low volatility compared to other cryptocurrencies, stablecoins pegged to mainstream fiat currencies facilitate the tokenization of both digital and physical assets. China has already positioned itself as a leader of the digital economy and nurtures innovations at an astonishing rate. As a result, the range of applications for a stablecoin pegged to the Offshore RMB are bound to explode in the coming years.
CNHC complies with global Anti-Money Laundering and Anti-Terrorist Financing rules and regulations. Users must meet the custodian’s institution KYC requirements to mint and redeem CNHC.
Thanks to its collaboration with the best world-wide digital wallets, exchanges, Web3 protocols and applications, asset management firms and payment institutions, CNHC is on the fast track to become the world's largest offshore RMB stable currency ecosystem.