Can Tether Actually Back a New Stablecoin like GBPT?

Tether has announced earlier today that it will be launching a new stablecoin to be pegged to the price of the British Pound Sterling, and will be appropriately named GBP₮. It should also be noted that the token will not be available to users whose keyboard does not contain the ₮ symbol.

For those with fancy keyboards, Tether’s new stablecoin is due to launch in early July…

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store