Poundtoken, the first fully regulated, fully-collateralized stablecoin pegged to the Great British pound, is now being offered by a company located in the Isle of Man.
GBPT Available on UniSwap
The world of stablecoins is welcoming a new contender today.
Today crypto company Blackfridge launched a British-regulated stablecoin called “poundtoken.” The stablecoin, which bears the ticker GBPT, is 100% backed by reserves in pounds sterling. It is the first regulated British pound stablecoin ever issued.
Stablecoins are cryptocurrencies that aim at retaining parity with a government-issued currency, in most cases the U.S. dollar. Some stablecoin issuers, like MakerDAO, are decentralized protocols hosted on a blockchain; others, such as Circle, are centralized companies. Blackfridge falls under the latter category.
Blackfridge CEO Alan Sun stated that the cryptocurrency market had recently suffered a “difficult” few weeks, with many participants losing funds during Terra’s UST collapse....
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