TrueGBP (TGBP) is not listed as a staking asset on Staking Rewards. You can still convert token prices, calculate reward rates and compare against rewards earned for other top staking assets.Learn more about TrueGBP Staking
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Any risks to Staking TGBP?
There are risks associated with custodial lending, please do appropriate research.
What is TrueGBP?
A stablecoin issues by Trust Token which is backed 1:1 by the Great British Pound.
TrueGBP is based on similar legal and technical standards to its dollar-pegged sibling TrueUSD. The firm pledged it will hold collateralized funds in a third-party escrow account and provide regular attestations of the GBP backing by third-party accounting firm Cohen & Co.
Keen to avoid issues with transparency like those that have plagued the most popular stablecoin issuer Tether, which has never provided a full audit of its USD backing, TrustToken last month partnered with accounting firm Armanino to allow traders using its stablecoins to have a “real-time” view of the reserves backing all its tokens.
How was TrueGBP launched?
TrustToken is backed by Andreessen Horowitz’s cryptocurrency fund A16z Crypto, having raised $20 million in a strategic token sale last June. The firm has adopted the mission to act as a “bridge between blockchains and $256 trillion worth of real-world assets.”
How to Stake TGBP?
We currently only track TGBP lending, custodial lending providers will pay you an APY on deposits.
Who is the Team behind TGBP?
The team behind TrueGBP is the TrustToken team. They have launched a series of stablecoins including TUSD, TAUD, TCAD, and TAUD.
How much can I earn Staking TGBP?
Based on current market examples you can expect to earn a baseline APY around 6%.