Tether to Launch GBPT in July, Pegged to British Pound Sterling

Stablecoin issuer Tether Operations Limited (“Tether”) has announced plans to launch Tether tokens (“GBP₮”) pegged to the British Pound Sterling in early July.

“GBP₮ will join four other fiat-currency pegged tokens Tether has in the market: the US dollar-pegged USD₮, the Euro-pegged EUR₮, the offshore Chinese Yuan-pegged CNH₮, as well as the recently launched MXN₮, the Mexican Peso-pegged stablecoin,” Tether said in a blog.
The pound-pegged coin is called GBP₮ (GBPT), and will initially live on the Ethereum (ETH) blockchain, Tether’s announcement said. 
Tether operates the blockchain-enabled platform tether.to which powers the largest stablecoin by market capitalization of …

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