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

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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.

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