Coinbase Lists First GBP Stablecoin as UK Push Accelerates
BeInCrypto
Coinbase has listed Tokenised GBP (tGBP), its first British pound-backed stablecoin, to reduce foreign exchange friction for UK users.Summary
Coinbase has officially listed Tokenised GBP (tGBP), a stablecoin issued by BCP Technologies that is backed 1:1 by cash and UK government bonds. This move provides UK users with a local currency option for on-chain transactions, eliminating the need to convert into dollar-pegged assets and thereby reducing foreign exchange friction. Industry leaders, including Coinbase CEO Brian Armstrong, have praised the development as a critical step for the future of finance, noting that stablecoins offer faster and cheaper alternatives to traditional cross-border payment systems.
(Source：BeInCrypto)