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Coinbase Announces Tokenized British Pound tGBP for Global Launch on April 22

Coinbase said it will launch tGBP, a tokenized British pound, worldwide on April 22, marking a new addition to blockchain-based fiat-linked assets.

Summary

Coinbase has announced tGBP, a tokenized British pound scheduled for global launch on April 22. A tokenized fiat asset typically represents a traditional currency on blockchain rails, allowing faster onchain transfers and broader use in digital asset ecosystems. Based on the announcement, tGBP would expand Coinbase’s offering of fiat-linked crypto instruments by bringing pound-denominated value onto blockchain infrastructure.

Terms & Concepts
  • Tokenized British pound: A digital token designed to represent the value of the British pound on a blockchain.
  • Onchain: Activity or settlement that takes place directly on a blockchain network.
  • Fiat-linked asset: A digital asset whose value is tied to a government-issued currency such as the British pound or U.S. dollar.