Tether Operations Limited will issue a cryptocurrency reflecting the pound sterling. The new coin will be called GBPT. This will be the fifth stablecoin of the project: cryptocurrencies for the dollar, euro, yuan and Mexican peso are already working.
The company said that the UK will be the next hub for digital currencies. Her government is preparing to recognize stablecoins as a legal means of payment. The GBPT developers expressed their readiness and desire to work with the British government on the development of blockchain technologies.