Another Stablecoin: U.K. Crypto Exchange Launches GBP-Pegged Cryptocurrency

Another Stablecoin: U.K. Crypto Exchange Launches GBP-Pegged Cryptocurrency


The London Block Exchange has announced the launch of a GBP-pegged cryptocurrency stablecoin called LBXPeg. In a statement posted on its website, LBX revealed that the so-called “cryptopound” will be tied to the value of GBP held in an auditable U.K. bank account on a 1:1 basis. Speaking to Business Insider ahead of the launch, LBX CEO,

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Posted by David Hundeyin on October 2, 2018 @ https://www.ccn.com/another-stablecoin-u-k-crypto-exchange-launches-gbp-pegged-cryptocurrency/

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