Search results for British pound
Crypto
Coinbase lists pound-pegged stablecoin tGBP, expands UK push
Coinbase has listed tGBP, a pound-pegged stablecoin issued under the UK Financial Conduct Authority framework, on its global platform. The token is issued by BCP Technologies and is backed by cash and short-term UK government bonds, redeemable 1 to 1 for pounds. Coinbase opposed requiring systemically important issuers to hold 40 percent of reserves as non-interest-bearing central bank cash and criticised issuance caps.
Finance
Won nears 1,490 per dollar this month, fourth-highest on record; biggest drop among major currencies
South Korea’s average won-dollar exchange rate rose to near 1,490 this month, the fourth-highest on a monthly basis, as foreigners sold a record amount of KOSPI shares. The won has posted the biggest decline against the dollar among major currencies this month. Analysts cited risk aversion linked to the Middle East war, valuation concerns in AI and semiconductors, and worries over Korea’s energy import dependence and export mix.
Crypto
VanEck sees bitcoin at $3 million by 2050, urges investors to hold
VanEck has issued a long-term outlook that bitcoin could reach $3 million by 2050, arguing the projection is based on expanding structural adoption in the global financial system rather than short-term market overheating. It assumes bitcoin’s gradual integration into mainstream finance and potential use in trade settlement and central bank reserves. The firm presented bear, base and bull scenarios ranging from $130,000 to $53.4 million. It recommended a 1 to 3 percent allocation.
