Stablecoins have gained widespread recognition and acceptance globally. Cryptocurrencies are known for their unpredictable nature, and among them, stablecoins provide a solution for many. Stablecoins are typically more stable and are linked to the national currency of a specific country.
GBPT, which was launched in July, is a stablecoin pegged to the British Pound Sterling (GBP). It was released by Tether with the symbol GBPT and has a 1:1 peg to the British Pound Sterling. The recent partnership between BitcoinPoint and Poundtoken has made GBPT readily accessible to people in Britain.
GBPT Stablecoin Now Accessible through 18,000 ATMs in UK The recent partnership has made the GBPT stablecoin available to users via more than 18,000 ATMs in the United Kingdom. It also makes GBPT the first fully supported stablecoin available to retail customers through 18,000 ATMs.
"It also aligns with the government's consideration to integrate stablecoins into the UK economy," said Benoit Marzouk, CEO at BitcoinPoint.