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Kamino Brings Sterling Lending Onchain With tGBP Market

Published Source: BitcoinistRead original

Crypto Insight Summary: 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 […] Crypto Insight Analysis: Direction: Bullish SOL Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: tGBP market adds utility to Solana DeFi ecosystem, boosting SOL demand.

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Kamino Brings Sterling Lending Onchain With tGBP Market — Crypto Insight