Gate.io AMA with GBPT-The First British Regulated and 100% Backed GBP Stablecoin Issuer

2023-03-21, 08:38

Time: July 12th, 2022, 13:00 UTC
Gate.io hosted an AMA (Ask-Me-Anything) session with Alan Sun,CEO,Mike Crosbie,Chief Business Officer and Christian Walker,Head of Partnerships at GBPT in the Gate.io Exchange Community.
Official Website: http://poundtoken.io/
Twitter: https://twitter.com/Poundtoken
Follow GBPT on Twitter and Telegram

Guests

Alan Sun — CEO at GBPT

Mike Crosbie — Chief Business Officer at GBPT

Q&A from Gate.io

Q1: What is poundtoken or GBPT?

Mike: GBPT is the first British-Isles regulated GBP stablecoin. It’s also the first stablecoin audited monthly by a big-4 accountancy firm: KPMG.

Q2: Can you tell us more about its legitimacy?

Mike: Poundtoken is financially regulated in the British Isles. The issuer, Blackfridge SC Limited, has a Financial Services License from IOM FSA.

Q3: Is it fully collateralized or algorithmic?

Mike: It’s fully backed by GBP cash in a European bank. It’s not an algorithmic stablecoin.

Q4: Can you briefly discuss how your reserves can be proved?

Mike: We will publish monthly attestations provided by KPMG. This transparency will assure holders that all GBPT is 100% backed in GBP. We’re also developing real-time proof of reserve with Chainlink… to be available in the coming months.

Q5: So what trading pairs are currently available on Gate.io?

Alan: We have 3 trading pairs now. GBPT/BTC, GBPT/ETH, and GBPT/USDT. We will offer more pairs in the future.

Author: Rio Fu., Gate.io Community

*This article represents only the views of the researcher and does not constitute any investment suggestions.

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