There are just two existing GBP stablecoins (tGBP and sGBP). There are many USD stablecoins, at least one EUR stablecoins and the CNY is close to completing its initial rollout across parts of China. It seems likely that the market will support a number of GBP stablecoins given the size of the economy and the historical strength of the UK foreign exchange businesses. We are working on a new proposal is to instantiate a UK overcollateralised stablecoin based on the MakerDAO dai experience
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