Tether Plans to Launch a Stablecoin Tied to the British Pound

Tether is releasing a crypto token tied to the value of the British pound as part of a push into new stablecoins.

The GBPT token will be available to trade on the Ethereum blockchain from early July, according to a statement on Wednesday. The crypto platform also offers tokens pegged to the US dollar, euro, Chinese yuan and Mexican peso, having launched the latter last month.