Binance GBP Stable Coin (BGBP)

Binance GBP Stable Coin (BGBP) is a token issued by Binance with the price pegged to the GBP at a rate of 1 BGBP = 1 GBP. BGBP is 100% reportedly backed by the same amount of GBP held by Binance in a bank account at all times.