Kamino Launched British Pound Stablecoin Lending Market
The new market allows users to borrow or supply sterling-denominated liquidity against supported digital assets.
Updated on Sept. 25, 2026 in Investing
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Would you choose to borrow or lend in a non-dollar stablecoin to avoid currency exchange risks?
Kamino has opened a lending market for tGBP, a British-pound stablecoin issued by BCP Technologies on the Solana blockchain. The initiative enables users to supply tGBP to earn yield or borrow the asset against collateral.
Why it matters
The launch provides a rare non-dollar lending option in decentralized finance, catering to users and businesses that manage sterling-denominated expenses. This structure aims to minimize foreign-exchange exposure for participants who would otherwise need to rely on dollar-denominated liquidity.
The tGBP stablecoin maintains a 1:1 peg to the British pound as issued by BCP Technologies. While the peg is consistent with the underlying fiat currency, actual market liquidity levels for this new offering remain unknown.
The players
Kamino
A decentralized finance platform that facilitates lending and borrowing markets for digital assets.
BCP Technologies
The issuer of the tGBP stablecoin that is registered with the U.K. Financial Conduct Authority.
Steakhouse Financial
A financial firm responsible for the curation of the new tGBP lending market.
The details
The platform accepts collateral including USDC, cbBTC, and JitoSOL to facilitate borrowing in the sterling-pegged stablecoin. By Curating the market via Steakhouse Financial, Kamino enables users to manage pound-denominated obligations directly on the Solana network. This integration is designed to reduce the need for constant currency conversions by providing liquidity that mirrors sterling expenses.
Timeline
Kamino launched the tGBP lending market on September 25, 2026.
Money Landscape
The deployment of a pound-pegged lending market marks a shift away from the dollar-heavy focus of most decentralized finance protocols. It follows the regulatory standards set by the U.K. Financial Conduct Authority for BCP Technologies to bring sterling-based assets into digital lending.
Users with sterling-denominated expenses can now explore borrowing in pounds to potentially hedge against foreign-exchange volatility. You should consult with a qualified financial professional to determine if integrating stablecoin lending into your broader budget is appropriate.
The takeaway
This development allows users to utilize pound-backed liquidity for their financial planning instead of relying strictly on dollar-denominated assets. Individuals considering this for their portfolio should research the specific collateral requirements and interest rates associated with this new market.
Further reading
For more on managing digital assets, see our guide to Investing.
Live Poll
Would you choose to borrow or lend in a non-dollar stablecoin to avoid currency exchange risks?
