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TrueGBP

TGBP

About

TrueGBP is .

30d

+0%

N/A

Reward Options
Risk
Complexity
Reward
Adj. Reward
Minimum
Lock Up
Avg. Fee
Staking Ratio
Lend TrueGBP
Risk
moderate
Complexity
moderate
Reward
7.26%
Minimum
-
Lock Up
-
Staking Ratio
-
Adj. Reward
7.26%
Avg. Fee
-
USD
TGBP

Advanced calculator

Revenue over time (USD / week)

Total Reward Rate

0%

or 0% annualized

Est. Monthly Earning

$0

0 TGBP

Est. Yearly Earning

$0

0 TGBP

FAQ's

  • 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.

  • 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 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.

  • How much can I earn Staking TGBP?
  • Based on current market examples you can expect to earn a baseline APY around 6%.

  • Any risks to Staking TGBP?
  • There are risks associated with custodial lending, please do appropriate research.