Binance Chain has launched a stablecoin pegged to the British pound Previously, the company admitted the possibility of creating such a tool.

Binance Chain blockchain launched a stablecoin pegged to the British pound

Binance cryptocurrency exchange this Monday launched the first stablecoin based on its own Binance Chain blockchain. Previously, the company admitted the possibility of creating such a tool.

Initially, Twitter user @CryptosBatman drew attention to the emergence of a new asset called BGBP or Binance GBP Stable Coin. As the name suggests, the token rate is pegged to the price of the British pound.



Although the exchange itself has not made any announcements in connection with this event, the information about the launch of BGBP on Twitter was confirmed by the CEO of Binance Changpeng Zhao. “So far, this is only a test phase. So far, only £ 200 has been issued. Slowly but surely ... "- he wrote.

Answering a question from one of the users about when "BGBP will go to the moon", Zhao reasonably noted that we are talking about a stablecoin.

Also this Monday, the CEO of Binance noted that changes in the rules for using Binance DEX will not prevent clients from "prohibited jurisdictions" from continuing to use the trading platform using third-party services..

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