Tokenised GBP
TGBP
$1.34
Current Price
-0.13%
24h Change
Info
TGBP
Symbol
$26.88M
Fully Diluted Valuation
$26.88M
Market Cap
763
Market Rank
20.11M
Total Supply
$252.25K
Total Volume
$1.34
24h High
$1.33
24h Low
About Tokenised GBP
Tokenised GBP (tGBP) addresses the need for a stable digital asset linked to the British Pound, offering a reliable medium for transactions and financial applications on blockchain platforms. Issued by a UK FCA-registered entity, tGBP ensures its value remains consistently pegged at 1:1 with the British Pound Sterling through a transparent collateral system. This is achieved by backing the token with fiat currency and short-term zero-coupon bonds from HM Treasury, ensuring both stability and compliance with regulatory standards. tGBP serves a vital role in facilitating on-chain transactions denominated in GBP, enhancing the utility of decentralized finance (DeFi) applications. Its robust structure allows for programmable transactions and offers exposure to GBP-linked real-world assets, such as tokenized bonds. The token's integration into the broader ecosystem is supported by its regulatory compliance and collateralization strategy, fostering trust among users and partners. As a stablecoin, tGBP is strategically positioned to support a wide range of financial services, from everyday transactions to complex DeFi protocols.
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FAQ
Information on this page is provided for informational purposes only and does not constitute investment advice. This is not a recommendation to buy or sell any digital asset or to employ any particular investment strategy. Backpack makes no representation as to the accuracy, suitability, or validity of the information provided.
Certain content is sourced from third parties not affiliated with Backpack. Backpack is not responsible for such content, nor is it liable for any errors, delays, or actions taken in reliance on it. Prices and data are for illustrative purposes only and may differ from actual market values. Digital assets involve significant risk and can fluctuate substantially. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition, and consult your own professional advisors for legal, tax, or investment guidance.
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