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Mexo lists CNHC: An offshore RMB stablecoin
Written by Written by Anjali Sriniwasan
Reviewed by Reviewed by Anjali Sriniwasan
Updated March 30, 2022
Press Release

CNHC, a stablecoin pegged to the Offshore Chinese Yuan, has officially been launched on Mexo. 

A milestone in international trade history

International traders can now access a new channel to collect, transfer, and exchange fiat currencies.

CNHC is the first stablecoin targeting international trade settlement and is already used as a settlement currency in Mexico and LatAm with a total trade volume exceeding 500 million RMB. 

Mexo is a reputable and influential exchange serving Mexico and LATAM with a daily trade volume of about 80 million USD.

Listing details: CNHC/MMXN trading pair

Mexo will launch the CNHC/MMXN trading pair. 

MMXN is a stablecoin fully backed by the Mexican Peso. 

Users can exchange CNHC to and from MMXN at a minimal foreign exchange cost. 

For questions about Mexo, please visit: https://mexo.zendesk.com/hc/en-us

About CNHC

CNHC (CNH Coin) is a stablecoin pegged to the offshore Renminbi (CNH) at a ratio of 1:1. It’s applications include trade settlement, Web3 applications and asset allocation. CNHC’s fiat reserves are safeguarded in a trust account and are regularly reviewed by independent audit firms. 

For more information, visit CNHC’s official website.

Disclaimer: This is a paid post and should not be treated as news/advice.
Disclaimer: AMBCrypto's content is meant to be informational in nature and should not be interpreted as investment advice. Trading, buying or selling cryptocurrencies should be considered a high-risk investment and every reader is advised to do their own research before making any decisions.

Anjali Sriniwasan

Journalist

With Masters in Mass communication and journalism, Anjali's interests lie in blockchain technology adoption across emerging economies.

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