New Pound-Backed Crypto Is Live! ๐ FCA-Approved tGBP Could Replace Cash? ๐ฑ
A new digital version of the British pound โ called tGBP โ has officially launched in the UK ๐. This new stablecoin, created by BCP Technologies, is fully backed by real pounds held in a bank and is designed to stay equal in value to ยฃ1 at all times. After 14 months of testing under the UK's top financial watchdog (FCA), tGBP is now available for trading on BCP Markets, with more crypto exchanges expected to list it soon ๐.
What makes tGBP extra special is that it's built on the Ethereum blockchain and could become a real-life test for how future digital money will be regulated in the UK โ๏ธ. The company behind it has a strong relationship with the FCA and plans to join talks about how to shape rules for stablecoins. This means tGBP isnโt just another crypto โ it might be paving the way for a fully regulated future of digital pounds ๐จโโ๏ธ๐.
The new pound stablecoin is designed for everything from international payments to DeFi lending, and even as a safer digital option for companies and individuals who want to move money without relying on traditional banks ๐ฆ๐ป. With very few competitors in the pound-backed stablecoin space, tGBP could quickly become the go-to digital currency for Brits โ especially as blockchain becomes a bigger part of finance in the years to come ๐๐ฌ๐ง.
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