Tether to launch stablecoin tied to British pound

The Straits Times LogoThe Straits Times1w ago

Tether to launch stablecoin tied to British pound

Quick Summary

June 23, 2022 8:33 AMLONDON (BLOOMBERG) - Tether is releasing a crypto token tied to the value of the British pound as part of a push into new stablecoins.

Britain has announced plans to regulate stablecoins under existing e-money legislation, though it is not the same as accepting them as legal tender.

The GBPT token will be available to trade on the Ethereum blockchain from early July.

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Article Details

Category: Economy

Topics: Stories Crypto Stablecoins 99/month Tether Britain Month First Been Months Token

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-23, 08:33:35

News Timezone: GMT +8:00

News Source URL:

Language: English

Reading Time: 3 minutes read

Article Length: 418 words

Coverage Area: Singapore

Availability: Desktop Web, Mobile Web

News ID: 4852

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About The Straits Times

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