New Stablecoin with British Pound Pegs from Tether: GBP₮

Tether, the largest stablecoin issuer in the cryptocurrency market, is gearing up to launch a new British pound pegged stablecoin next month.

Tether, Wednesday, June 22 in an official statement on British poundfixed to “GBP₮” its new stablecoin called july announced that it will be on the market from the beginning of the month.

According to the statement, the new stablecoin’s first blockchain support Ethereum (ETH) will contain.

Tether CTO Paolo Ardoino made the following statements on the subject:

We believe the UK is the next frontier for blockchain innovation and wider application of cryptocurrency for financial markets. We hope to lead this innovation by giving crypto users worldwide access to a GBP-denominated stablecoin issued by the largest stablecoin issuer. Tether is ready and willing to work with UK regulators to make this goal a reality. We look forward to continued adoption of Tether stablecoins.

GBP₮pegged to Tether’s fiat currencies fifth stablecoinwill have. Tetheris currently pegged to the dollar USDTpegged to euro EURTpegged to the Chinese yuan CNHT and pegged to the recently released Mexican Peso MXNT They have stablecoins.

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