Gate.io AMA with GBPT-The First British Regulated and 100% Backed GBP Stablecoin Issuer

2023-03-21, 08:38

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![](https://gimg2.gateimg.com/image/article/16793876531.jpeg)
**<font size=4>Time: July 12th, 2022, 13:00 UTC
[Gate.io](https://www.gate.io "Gate.io") hosted an AMA (Ask-Me-Anything) session with Alan Sun,CEO,Mike Crosbie,Chief Business Officer and Christian Walker,Head of Partnerships at GBPT in the [Gate.io Exchange Community](https://t.me/gateio "Gate.io Exchange Community").
Official Website: http://poundtoken.io/                
Twitter: https://twitter.com/Poundtoken     
Follow GBPT on [Twitter](https://twitter.com/Poundtoken "Twitter") and [Telegram](https://t.me/poundtoken "Telegram")
</font>**
**Guests**
![](https://gimg2.gateimg.com/image/article/16793878272.png)
**Alan Sun — CEO at GBPT**
![](https://gimg2.gateimg.com/image/article/16793878443.png)
**Mike Crosbie — Chief Business Officer at GBPT**
## Q&A from Gate.io
### Q1: What is poundtoken or GBPT?
![](https://gimg2.gateimg.com/image/article/16793878714.png)
**Mike**: GBPT is the first British-Isles regulated GBP stablecoin. It’s also the first stablecoin audited monthly by a big-4 accountancy firm: KPMG.

### Q2: Can you tell us more about its legitimacy?
**Mike**: Poundtoken is financially regulated in the British Isles. The issuer, Blackfridge SC Limited, has a Financial Services License from IOM FSA.

### Q3: Is it fully collateralized or algorithmic?
**Mike**: It's fully backed by GBP cash in a European bank. It's not an algorithmic stablecoin.

### Q4: Can you briefly discuss how your reserves can be proved?
**Mike**: We will publish monthly attestations provided by KPMG. This transparency will assure holders that all GBPT is 100% backed in GBP. We’re also developing real-time proof of reserve with <a href="/vi/price/chainlink-link" target="_blank" class="blog_inner_link">Chainlink</a>… to be available in the coming months.

### Q5: So what trading pairs are currently available on Gate.io?
**Alan**: We have 3 trading pairs now. GBPT/BTC, GBPT/ETH, and GBPT/USDT. We will offer more pairs in the future.

<div class="blog-details-info">
<div>Author:** Rio Fu.**, Gate.io Community
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>

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