DigitalMoneyBox Signal Desk
DigitalMoneyBox Crypto market intelligence
Browse sections
Cryptocurrency Bitcoin Ethereum Briefings Blockchain Security Mining Altcoin Research NFT
Timeline Hourly market signal stream Sources Publisher health and coverage Topics Curated crypto topic hubs Entities Assets, firms, people, regulators Media Kit Audience and placement options Search Advanced archive filters
Cryptocurrency CryptoCurrencyNews

Tether to Launch New Pound Sterling-Backed Stablecoin

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...

38 /100
Market signal

Archive context

Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Tether to Launch New Pound Sterling-Backed Stablecoin

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.

Why this matters

This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

Original source

Read on CryptoCurrencyNews

Related market context