London Block Exchange Releases a Tokenized Pound Sterling

Pound sterling

Recently, the concept of a cryptocurrency backed up by a real fiat currency has become pretty widespread. For example, there already exist two stablecoins backed up by the US dollar: Tether and USDC.

Great Britain decided not to fall behind and launched a first ever crypto pound. The LBXPeg coin will hit the market in the next couple of weeks.

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