{"id":146801,"date":"2026-09-25T19:15:39","date_gmt":"2026-09-25T19:15:39","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=146801"},"modified":"2026-09-25T19:15:39","modified_gmt":"2026-09-25T19:15:39","slug":"kamino-brings-sterling-lending-onchain-with-tgbp-market","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=146801","title":{"rendered":"Kamino Brings Sterling Lending Onchain With tGBP Market"},"content":{"rendered":"<div>\n<h2>TL;DR<\/h2>\n<ul>\n<li>Kamino has opened a lending market for tGBP, a British-pound stablecoin issued by BCP Technologies.<\/li>\n<li>Users can supply tGBP or borrow it against collateral including USDC, cbBTC and JitoSOL.<\/li>\n<li>The market is curated by Steakhouse Financial and creates sterling-denominated credit on Solana.<\/li>\n<\/ul>\n<p>Dollar <a href=\"https:\/\/bitcoinist.com\/glossary\/stablecoin\/\">stablecoins<\/a> dominate <a href=\"https:\/\/bitcoinist.com\/glossary\/defi\/\">DeFi<\/a>, but Kamino is adding a different currency to the mix.<\/p>\n<p>The Solana lending protocol has opened a market for tGBP, allowing users to borrow or supply a stablecoin designed to track the British pound.<\/p>\n<p>The market is curated by Steakhouse Financial.<\/p>\n<h2>Sterling Can Now Be Borrowed Against Crypto Collateral<\/h2>\n<p>BCP Technologies issues tGBP as a token intended to track the pound on a one-to-one basis.<\/p>\n<p>The firm is registered as a cryptoasset business with the U.K.\u2019s Financial Conduct Authority.<\/p>\n<p>On Kamino, users can supply tGBP to the lending market or borrow sterling-denominated <a href=\"https:\/\/bitcoinist.com\/glossary\/liquidity\/\">liquidity<\/a> against supported collateral including USDC, cbBTC and JitoSOL.<\/p>\n<p>That creates a use case DeFi has historically struggled to serve.<\/p>\n<p>A British user or business may want to borrow in pounds because its expenses and accounting are denominated in pounds.<\/p>\n<p>Borrowing a dollar stablecoin instead introduces foreign-<a href=\"https:\/\/bitcoinist.com\/glossary\/exchange\/\">exchange<\/a> exposure on top of the underlying loan.<\/p>\n<p>A GBP-denominated market removes part of that mismatch.<\/p>\n<h2>DeFi Is Still Heavily Dollarized<\/h2>\n<p>The launch does not suddenly make sterling a major onchain currency.<\/p>\n<p>Dollar stablecoins remain vastly larger and more liquid across crypto markets.<\/p>\n<p>That liquidity advantage reinforces itself.<\/p>\n<p>Borrowers want the assets with the deepest markets, while lenders prefer pools where there is consistent demand and easy exit liquidity.<\/p>\n<p>Building a non-dollar lending market therefore requires more than creating the token.<\/p>\n<p>It needs enough lenders and borrowers to keep rates competitive and liquidity usable.<\/p>\n<p>Kamino\u2019s tGBP market is a relatively small step, but it points toward a more mature version of onchain credit.<\/p>\n<p>Real financial systems operate in many currencies.<\/p>\n<p>If DeFi is going to serve businesses and users outside dollar-centric crypto trading, borrowing in local currencies has to become normal rather than unusual.<\/p>\n<p>Sterling is now one more option on Solana.<\/p>\n<p>The next test is whether users actually choose to take debt and earn <a href=\"https:\/\/bitcoinist.com\/glossary\/yield\/\">yield<\/a> in pounds when dollar liquidity remains so much deeper.<\/p>\n<p><em>This article was written by the News Desk and edited by <a href=\"https:\/\/bitcoinist.com\/author\/samuelrae\/\">Samuel Rae<\/a>.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Kamino has opened a lending market for tGBP, a British-pound stablecoin issued by BCP Technologies. Users can supply tGBP or borrow it against collateral including USDC, cbBTC and JitoSOL. The market is curated by Steakhouse Financial and creates sterling-denominated credit on Solana. Dollar stablecoins dominate DeFi, but Kamino is adding a different currency to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-146801","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/146801","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=146801"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/146801\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=146801"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=146801"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=146801"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}