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Tether Plans to Launch a Stablecoin Tied to the British Pound

  • GBPT will be available to trade in early July, Tether says
  • The crypto platform also has stablecoins tied to euro and yuan

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.