Tether is Launching a New Fiat-Pegged Stablecoin, the British Pound Tracking GBPT
Tether, the issuer of the world’s largest market cap stablecoin USDT, has announced on Wednesday it is launching a new stable digital currency. Pegged to the British pound, GPBT will be fully redeemable for the underlying fiat currency at a 1:1 ratio. The stablecoin is slated to launch in July, initially on the Ethereum network.