CNHT

According to reports, the stable currency issuer CNHC Group completed a US $10 million A+round of financing. KuCoin Ventures led the investment, with other investors including Circle and IDG Capital. According to CNHC co founder Joy Cham, it is currently issued on the Ethereum and Conflux blockchains, with a total supply of approximately 15 million tokens (worth approximately $2 million). Tether’s CNHT currently has a total supply of approximately 20 million tokens. Stable currency issuer CNHC Group completed a US $10 million A+round financing Analysis based on this information:The CNHC Group has reportedly completed a financing round of 10 million USD, led by KuCoin Ventures with Circle and IDG Capital as other investors. The group offers a stable currency called CNHC, currently issued on Ethereum and Conflux blockchains, with a total supply of 15 million tokens, worth around $2 million. Stable currencies are digital assets that are pegged to a stable asset like a fiat currency or gold. They offer…