CNHT, issued by Tether International, S.A. de C.V., is a fiat-pegged stablecoin that represents a contractual right to redeem at a value pegged 1:1 to the offshore Chinese yuan (CNH) and is backed 100% by Tether's reserves. [S1][S2]

Each CNHT token tracks the offshore Chinese yuan (CNH) at a 1:1 peg and is backed 100% by Tether's reserves, a record of which Tether publishes. [S2][S3] The token is designed for price stability and does not pass through yield to holders; tokens redeem at the pegged value less fees. [S1] Direct primary-market acquisition carries a fee of 0.1%, redemption the greater of $1,000 or 0.1%, plus a non-refundable verification fee of 150 USD. [S4]

Tether International, S.A. de C.V. redomiciled from the British Virgin Islands to the Republic of El Salvador effective 27 January 2025, and is authorised as a Stablecoin Issuer and Digital Assets Service Provider subject to the National Commission of Digital Assets (CNAD) of El Salvador. [S1] Tokens are backed by reserves but are not legal tender and not FDIC or SIPC protected; assets reflected in a holder's wallet are not segregated in the holder's name. [S1] Customers must complete strict KYC/AML/CTF verification; U.S. Persons, Canadian Persons, Singaporean Persons and sanctioned persons are barred. [S2][S1] Redemption requires a minimum of 100,000 USD. [S4]

CNHT is issued onchain on Ethereum and TRON. [S2] Tether mints new tokens only when KYC-verified customers purchase them in the Primary Market and receives the corresponding fiat into reserves; title passes when transmission to the customer's wallet is initiated. [S2][S1] Tokens are removed from circulation by burning upon redemption or held in treasury for future issuance. [S2]

<Sources
  retrievedAt="2026-06-19"
  items={[
    { id: "S1", url: "https://tether.to/en/legal/" },
    { id: "S2", url: "https://tether.to/en/how-it-works/" },
    { id: "S3", url: "https://tether.to/en/transparency/?tab=usdt" },
    { id: "S4", url: "https://tether.to/en/fees/" },
  ]}
/>


# Asset senders (monthly) methodology

## 1. Overview

Asset senders (monthly) is defined as the number of unique addresses from which asset transfers are initiated over a rolling 30-day period. For each tracked asset, outgoing transfer transactions are analyzed across supported blockchains to identify the sending addresses. These addresses are deduplicated over a 30-day window to represent the monthly active sender base. This metric is utilized to evaluate user adoption, transactional activity, and the overall utility of tokenized assets.

## 2. Data sources

- **EVM chain events**: Token transfer events, covering EVM-compatible chains (Ethereum, Arbitrum, Base, Polygon, Optimism, and others)
- **Solana instructions**: Token transfer instructions
- **Aptos, Sui, Cardano, and Stellar Classic data**: Token withdraw transactions
- **Stellar Soroban, Algorand, Near, Injective, and Ripple data**: Token transfer transactions
- **Polkadot Asset Hub events**: `Transferred` events from `assets` pallets
- **Asset metadata**: Token contract addresses and decimal precision

## 3. Step-by-step calculation

### Component A: Extract daily asset senders

- **Purpose**: Identify unique addresses initiating transfers on a daily basis
- **Logic**: On EVM-compatible chains, token transfer events are parsed to extract the sender address from the transaction, excluding the zero address. On Solana, token transfer instructions are parsed to identify the authority address. On Aptos, Sui, Cardano, and Stellar Classic, token withdraw transactions are parsed to extract the account address. On Stellar Soroban, Algorand, Near, and Injective, token transfer transactions are parsed to extract the sender address, excluding null addresses. On Ripple, token transfer transactions with negative values are parsed to identify the sending account address. On Polkadot Asset Hub, `Transferred` events from `assets` pallets are parsed to extract the sender address. For all chains, the extracted addresses are grouped by day and token address to produce a daily record of unique senders.
- **Key fields**: `timestamp` (block day), `token_address` (asset identifier), `sender_address` (initiating address)

### Component B: Aggregate rolling monthly senders

- **Purpose**: Calculate the unique sender count over a rolling 30-day window
- **Logic**: A daily datespine is generated to establish a continuous timeline. For each day in the timeline, a 30-day lookback window is constructed, encompassing the current day and the preceding 29 days. Daily sender addresses collected within this window are aggregated and deduplicated. The total number of unique, deduplicated addresses is then counted for each asset on each day.
- **Key fields**: `timestamp` (calculation day), `token_address` (asset identifier), `asset_senders` (unique monthly sender count)

### Component C: Final aggregation and zero-filling

- **Purpose**: Combine data across chains and fill missing activity days
- **Logic**: The deduplicated monthly sender counts are aggregated at both the individual chain level and the global asset level. For days where no transfer activity is recorded for a tracked asset, the metric is filled with zero values to maintain a continuous time series.
- **Key fields**: `timestamp` (reporting day), `chain_id` (blockchain identifier), `token_address` (asset identifier), `asset_senders` (final monthly unique sender count)

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Unique asset senders over a rolling 30-day window.

Asset senders (monthly)

Stablecoins

Users deposit funds into Tether account and receive USDT at a 1:1 rate.

Tether is a financial technology company that is the principal architect of USDT - full-reserve fiat stablecoin that bring US dollar liquidity on-chain.

Tether is a private company owned by the Hong Kong-registered iFinex Inc.

twitter

website

Stablecoin issuers

Tether

Chinese Yuan Tether (CNHT) is a Chinese Yuan stablecoin issued by Tether through Tether International, S.A. de C.V.

Each token is redeemable one-for-one for Chinese Yuan and is a collateral-backed contractual exposure rather than a direct claim on the issuer.

Retail investors and institutions can mint and redeem directly with Tether in CNH after completing KYC, and holders have a contractual right to redeem at par.

Tether International, S.A. de C.V. is incorporated in El Salvador and is supervised by El Salvador's National Commission of Digital Assets (CNAD).

Holder terms are governed by the law of the British Virgin Islands, with disputes heard in the United Kingdom.

CNHT has been issued on public blockchains since April 2019 and is native to Ethereum and Tron.

Chinese Yuan TetherCNHT