🚨 CMC News: TGBP Stablecoin Launches as U.K. Regulatory Framework Takes Shape. BCP Technologies has launched its British pound-backed stablecoin $TGBP on the Ethereum blockchain. The FCA-registered firm positions the token as a "live proof-of-concept" for upcoming U.K. stablecoin regulation. Each $TGBP token represents one British pound held in segregated bank accounts. The company plans to eventually back the stablecoin with short-term U.K. government bonds in line with FCA proposals. BCP will participate in FCA roundtable discussions on July 4 regarding new regulatory frameworks. Major exchanges are expected to list $TGBP in the coming weeks following a 14-month regulatory submission process. The pound stablecoin market remains largely untapped, with existing options having less than $500,000 combined market cap. BCP targets use cases including cross-border payments, institutional collateral management, and tokenized asset settlement.