#tGBP #Stablecoin Launches as U.K. Regulatory Framework Takes Shape


BCP Technologies has launched its British pound-backed #stablecoin tGBP on the Ethereum blockchain.


The FCA-registered firm positions the token as a "live proof-of-concept" for upcoming U.K. #stablecoin regulation.

Each #tGBP token represents one British pound held in segregated bank accounts.


The company plans to eventually back the stablecoin with short-term U.K. government bonds in line with FCA proposals.


BCP will participate in FCA roundtable discussions on July 4 regarding new regulatory frameworks.


Major exchanges are expected to list $tGBP in the coming weeks following a 14-month regulatory submission process.


The pound stablecoin market remains largely untapped, with existing options having less than $500,000 combined marketcap.

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June 03, 2025 at 6:19 PM
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