Definition ∞ Digital assets, typically stablecoins, designed to maintain a stable value relative to the British Pound Sterling (GBP). Their value is usually backed by reserves of GBP or highly liquid, GBP-denominated assets. These assets offer a stable medium of exchange in crypto markets.
Context ∞ The introduction of sterling-pegged assets aims to provide greater stability for UK-based crypto users and facilitate efficient trading against a fiat currency. Regulatory clarity for these stablecoins is a key factor for their wider acceptance and utility in the broader financial system.
Blockchain Knowledge
Cryptocurrency Foundation
Cryptospace Newsfeed
