by Alex Hern Technology editor on (#60MSE)
Launch of digital asset to track value of £1 comes despite contraction of cryptocurrency sectorTether, the controversial “stablecoin” that underpins more than $60bn of the crypto economy, is launching a British version to capitalise on the UK government’s desire to make Britain a global cryptocurrency hub.Like its US dollar counterpart, of which $67bn (£55bn) are actively traded on cryptocurrency markets, the launch will see a digital asset built on the Ethereum blockchain, with its value set at £1. Continue reading...