UK-Based BCP Launches British Pound Stablecoin

BCP Technologies, a UK-registered cryptocurrency firm, has launched a new British pound-backed stablecoin, marking a significant development in the growing stablecoin market. The launch comes after a 14-month review by the Financial Conduct Authority (FCA) through its regulatory sandbox, and is now live on BCP Markets, with major exchanges expected to list the token in the coming weeks. The Tokenised GBP (tGBP) stablecoin offers an alternative to traditional financial institutions for both individuals and businesses.