Tether to Launch New Pound Sterling-Backed Stablecoin
Originally posted here.
By: Adewumi Victor
Overview
Tether announced today that it would start a sterling-backed stablecoin next month. This announcement comes after the UK decided to regulate the stablecoin sector in readiness for its attempt to turn London into a world crypto hub. This new stablecoin by Tether will be launched in early July and named GBPT. The stablecoin will be pegged at 1:1 to the pound sterling. The GBPT will also provide traders with a cheaper and faster way of transacting.
The GBPT stablecoin will be the fourth stablecoin supported by Tether after the euro-pegged EURT, the Chinese yuan-pegged CNHT, and …
Read The Full Article On CryptoCurrencyNews.com
Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.
All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer .