Kamino Brings Sterling Lending Onchain With tGBP Market

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR Kamino has opened a lending market for tGBP, a British-pound stablecoin issued by BCP Technologies. Users can supply tGBP or borrow it against collateral including USDC, cbBTC and JitoSOL. The market is curated by Steakhouse Financial and creates sterling-denominated credit on Solana. Dollar stablecoins dominate DeFi, but Kamino is adding a different currency to the mix. The Solana lending protocol has opened a market for tGBP, allowing users to borrow or supply a stablecoin designed to track the British pound. The market is curated by Steakhouse Financial. Sterling Can Now Be Borrowed Against Crypto Collateral BCP Technologies issues tGBP as a token intended to track the pound on a one-to-one basis. The firm is registered as a cryptoasset business with the U.K.’s Financial Conduct Authority. On Kamino, users can supply tGBP to the lending market or borrow sterling-denominated liquidity against supported collateral including USDC, cbBTC and JitoSOL. That creates a use case DeFi has historically struggled to serve. A British user or business may want to borrow in pounds because ...