24 Jun 2022
Tether, the company behind the USD-Pegged Stablecoin USDT, is aiming to launch a GBP-Pegged asset of the same ilk. Their USDT Stablecoin is the largest globally by market cap, and unless there are any Terra type catastrophies, Tether's intentions could be good news for the UK crypto market. Initially, the coin will be introduced on the Etheruem blockchain, but others will likely be added in the future.
The company's press release advises:
This is a very positive step for the UK's crypto market, and perhaps these are the early signs that the Government will follow through with their word.