{"id":472885,"date":"2022-07-11T18:00:00","date_gmt":"2022-07-11T15:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/kpmg-to-audit-new-pound-backed-stablecoin-gbpt\/"},"modified":"2022-07-11T18:00:00","modified_gmt":"2022-07-11T15:00:00","slug":"kpmg-to-audit-new-pound-backed-stablecoin-gbpt","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/kpmg-to-audit-new-pound-backed-stablecoin-gbpt\/","title":{"rendered":"# KPMG to audit new pound-backed stablecoin GBPT"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a35c4d85dc68\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a35c4d85dc68\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/kpmg-to-audit-new-pound-backed-stablecoin-gbpt\/#%E2%80%9D_KPMG_to_audit_new_pound-backed_stablecoin_GBPT_%E2%80%9C\" >&#8221; KPMG to audit new pound-backed stablecoin GBPT &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_KPMG_to_audit_new_pound-backed_stablecoin_GBPT_%E2%80%9C\"><\/span>&#8221; KPMG to audit new pound-backed stablecoin GBPT &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDcvZTZiYWI2ZjEtNzFkNi00M2Q1LTkxNmMtNzg1ZTczNWI1ZGE3LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>Fintech firm blackfridge has launched a new stablecoin that is fully backed by the British pound (GBP), potentially opening the door to wider adoption of digital assets in the United Kingdom and its Crown Dependencies.\u00a0<\/p>\n<p>The newly launched \u201cpoundtoken,\u201d which trades under the ticker \u201cGBPT,\u201d will be available for trading on Gate.io, Bittrex Global and Unisawp, blackfridge announced Monday. GBPT is said to be fully backed by the British pound, which means that every token issued will have an equivalent value held in reserves. <\/p>\n<p>GBPT\u2019s reserve status is regulated by the Isle of Man Financial Services Authority, which oversees deposit and investment businesses in the self-governing British Crown Dependency. Big Four accounting firm KPMG has been <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ointed to audit poundtoken\u2019s reserves. <\/p>\n<p><iframe loading=\"lazy\" title=\"What are stablecoins, and how do they work?\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/fdPmjHtQ5aM?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>Nicholas Maybin, poundtoken\u2019s chief operating officer, said stablecoins have become an \u201cintegral part of the crypto sector.\u201d Stablecoins were initially established to give cryptocurrency users reliable onramps to trading services. Over the years, their use cases have grown to include payments, remittances, lending and escrow services. As such, stablecoins play an integral role in the decentralized finance, or DeFi, market. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Crypto Biz: Stablecoins are paving the way for mass adoption of crypto<\/em><\/strong><\/p>\n<p>The British pound is one of the most widely traded currencies in the world, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bis.org\/statistics\/rpfx19_fx.pdf\">according<\/a> to the Bank for International Settlements, or BIS. The BIS\u2019 2019 Triennial Central Bank Survey found that pound Sterling\u2019s share of global over-the-counter foreign exchange turnover was 12.8%, placing it fourth among active currencies. <\/p>\n<p>In addition to a pound-backed stablecoin, the crypto market recently saw the launch of a euro-pegged stable asset. As Cointelegraph reported, USD Coin (UDC) issuer Circle Internet Financial now has a fully-reserved euro-pegged stablecoin available for trading. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/kpmg-to-audit-new-pound-backed-stablecoin-gbpt\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; KPMG to audit new pound-backed stablecoin GBPT &#8220; Fintech firm blackfridge has launched a new stablecoin that is fully backed by the British pound (GBP), potentially opening the door to wider adoption of digital assets in the United Kingdom and its Crown Dependencies.\u00a0 The newly launched \u201cpoundtoken,\u201d which trades under the ticker \u201cGBPT,\u201d will&#8230;<\/p>\n","protected":false},"author":1,"featured_media":472886,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDcvZTZiYWI2ZjEtNzFkNi00M2Q1LTkxNmMtNzg1ZTczNWI1ZGE3LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75936,75493,117,4966],"class_list":["post-472885","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-circle","tag-stablecoin","tag-business","tag-united-kingdom"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/472885","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=472885"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/472885\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/472886"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=472885"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=472885"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=472885"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}