CNHC Group, which is the issuer of CNHC’s RMB-linked steiballcoin, has raised $10 million in funding.
The round was led by KuCoin Ventures, with participation from Circle Ventures and IDG Capital.
With the new funding, CNHC plans to expand the distribution of Stablecoin, especially in the Asia-Pacific region. To that end, the company is moving its headquarters to Hong Kong from the Cayman Islands.