Tether Set off New Stablecoin That Pegs British Pounds

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Tether announced the launch of GBPt, a stablecoin pegged to the British pound sterling.

The GBPt stablecoin will first be accessible on the Ethereum blockchain, as usual. The coin might be made available as soon as July of next month. 

GBPt will be added to the Tether marketplace after it launches, joining other coins linked to national currencies like USDt, EURt, MXNt, and CNHt.

Tether CTO Paolo Ardoino claims that the introduction of the GBP-pegged stablecoin appears to be in line with the UK plans to establish itself as a major crypto hub & the widespread adoption of blockchain