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Tether, the issuer of USDT, the largest stablecoin by capitalization, announced that it has issued a sterling-pegged “stablecoin” GBPT. #bond To Start GBP₮British Pounded Tether Tokens 🇬🇧 Read
Tether, the issuer of USDT, the largest stablecoin by capitalization, announced that it has issued a sterling-pegged “stablecoin” GBPT.
#bond To Start GBP₮
British Pounded Tether Tokens 🇬🇧Read the full press release ⬇️https://t.co/vN6RngE28S pic.twitter.com/t4Yf8hrUZ2
— Tether (@tether_to) June 22, 2022
The start of a new asset issuance is scheduled for July. It will initially be available on the Ethereum network.
GBPT will be the fifth fiat-based stablecoin, in addition to:
“This initiative, combined with the hundreds of millions of people using cryptocurrencies around the world, makes the UK an ideal location for a new wave of innovation in the industry,” the company says in a blog post.
Recall that Tether and Bitfinex cryptocurrency exchange do not plan to lay off employees in an unfavorable market situation.
In mid-June, USDT’s capitalization dropped to $69.3 billion. Before Terra’s collapse, this figure was $83.42 billion (as of May 1).
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I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
