UK investors are being targeted by a British Virgin Islands-based company behind one of the biggest cryptocurrencies in the world with a new token pegged to the pound.
Tether Operations will launch a sterling product in July, making it easier for British investors to access many crypto trading platforms.
GBP₮, Tether’s fourth pegged cryptocurrency, promises to be backed one-to-one by the British pound.
The launch will likely capture the attention of British regulators after Tether was fined by New York’s attorney general last year for “deceiving” investors.
