A UK startup is planning to develop a 'crypto pound' as the sector goes crazy for 'stablecoins'

The London Block Exchange plans to launch a new cryptocurrency pegged to the pound: LBXPeg.
LBXPeg is a so-called "stablecoin" and they're booming in popularity in crypto.LONDON — A UK startup has announced plans to launch a new cryptocurrency pegged to the British pound as interest in so-called "stablecoins" booms.
The London Block Exchange, which does over-the-counter crypto trades and operates a crypto exchange, said on Friday that it had received permission from an unnamed banking part