FCA-registered BCP launches British pound stablecoin

BCP Technologies CEO says its new pound-backed stablecoin tGBP might be considered a “live proof-of-concept for future FCA stablecoin regulation.”
BCP Technologies, a United Kingdom-registered cryptocurrency firm, has launched a new British pound-backed stablecoin.
The company revealed the rollout of its Tokenised GBP (tGBP) stablecoin in an announcement shared with Cointelegraph on June 3.
TGBP is now live on BCP Technologies-operated crypto trading platform, BCP Markets, and is available to customers who pass Know Your Customer checks, with major exchanges expected to list tGBP in the coming weeks.