TCNH is a stablecoin launched by the TrueUSD team on December 15, 2022, and is pegged to the offshore Chinese yuan (CNH) at a 1:1 ratio.Deployed on the TRON blockchain, TCNH aims to provide users of the TRON ecosystem with a new digital fiat currency option and to bridge the gap between the crypto world and the real world. Like other TrueUSD products, TCNH complies with all relevant legal and technical requirements and is audited by a leading global accounting firm to ensure its security and transparency.
How do you buy and sell TCNH?
TCNH is primarily traded on decentralized exchanges (DEXs). Since there are few direct trading pairs for TCNH on centralized exchanges (CEXs), trading typically involves the following steps:
- Acquire a base stablecoin: Typically, you’ll first need to purchase a major stablecoin, such as USDT, on a centralized exchange (e.g., Binance).
- Set up a Web3 wallet: Download and register a Web3 wallet that supports the TRON network on your mobile device, such as the Binance Web3 wallet.
- Transfer the base stablecoin to your Web3 wallet: Withdraw the USDT or other stablecoin you purchased from the centralized exchange to your Web3 wallet.
- Connect to a Decentralized Exchange (DEX): In your Web3 wallet, find and connect to a decentralized exchange that supports the TRON network.
- Make the exchange: On the DEX, select the option to exchange your USDT for TCNH. Enter the amount of TCNH you wish to purchase, then confirm the transaction.
- Store TCNH: Once the transaction is complete, your TCNH will be stored in your Web3 wallet.
Please note that Coinbase does not currently support direct trading of TCNH, but users can sign up to receive the latest news about TCNH and be notified when it becomes available.
On which exchanges is TCNH listed?
Based on current information, TCNH is primarily traded on decentralized exchanges. While some data platforms (such as Coinbase and CryptoRank) display TCNH prices and market data, these platforms may not directly offer trading services for TCNH.
- Decentralized Exchanges (DEX): As a stablecoin on the TRON chain, TCNH can be traded on decentralized exchanges that support the TRON network. The Binance Web3 wallet can connect to DEXs and supports TCNH trading.
- Centralized Exchanges (CEX): Currently, there are few direct trading pairs for TCNH on major centralized exchanges. For example, Binance itself does not directly offer spot trading services for TCNH.
Users are advised to carefully review each platform’s trading rules, fees, and liquidity conditions before trading TCNH.
