Tether plans to launch a stablecoin tied to the British Pound
Tether is to launch a stablecoin pegged to the British pound. Tether’s (USDT-USD) new product will be pegged 1:1 to the British pound and will be called GBPT.
The stablecoin token linked to the pound will begin life as an ERC20 token on the Ethereum blockchain and is expected to be deployed in early July. It will become Tether’s fifth fiat-pegged stablecoin, USDT, the Euro-pegged EURT, the offshore Chinese Yuan-pegged CNHT, and the Mexican Peso MXNT.