Transparency

The integrity and long-term trust of the GBPC stablecoin ecosystem are built on a robust framework of transparency, over-collateralization, and independent third-party validation. Our reserve management practices, regular audits, and secure technological infrastructure are aligned with the highest global standards for stablecoins and fiat-backed digital assets. All GBP fiat reserves backing GBPC at a 1:1 ratio are securely held in segregated bank accounts across multiple reputable financial institutions, ensuring that every GBPC token in circulation is fully supported by verifiable fiat reserves.

Transparency is at the core of GBPC’s design, users can independently verify the circulating supply of GBPC on-chain at any time. In addition, quarterly reserve attestations are published as downloadable audit reports below. These reports are prepared and verified by a leading independent audit firm(XYZ Audit) which is responsible for issuing quarterly attestations confirming that all GBPC in circulation is fully backed. Our mission is to foster a safe, competitive, and sustainable cryptoasset sector, one that drives innovation while upholding market integrity and consumer protection.

Reserves composition

Balances

Balances

7 Day Change
Issued
$2.9B
Redeemed
$6.9B
- $4.0
change in circulation
14 Day Change
Issued
$7.2B
Redeemed
$6.9B
+ $0.2
change in circulation
30 Day Change
Issued
$2.9B
Redeemed
$6.9B
- $4.0
change in circulation

KYC, KYB & AML Compliance

To issue GBPC in exchange for fiat, all users must complete our identity verification process:

  • KYC (Know Your Customer) is required for individuals.
  • KYB (Know Your Business) is mandatory for corporate entities.

Our onboarding framework follows internationally recognized compliance standards, including AML. This helps ensure the integrity of the GBPC ecosystem and protects against illicit activity.

A one-time compliance processing fee of £150 applies to each onboarding request, can be credited toward redemption

Smart Contract Security

All GBPC-related smart contracts are first deployed and tested on a public testnet environment to ensure functionality, efficiency, and safety. Following successful internal testing, the contracts will undergo a comprehensive security audit by OpenZeppelin, a globally recognized leader in blockchain security.
View the OpenZeppelin audit report here.

A Regulated Stablecoin for a Global Economy

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Regulatory and Jurisdictional Limitations

While GBPC aims to be globally accessible, it may not be legally redeemable or supported in certain jurisdictions due to local financial regulations. Users are responsible for ensuring that their use of GBPC complies with local laws and regulations in their country of residence.
We are committed to working with regulators to expand access, but we strongly advise users to check for any legal or tax obligations related to holding or transacting with GBPC in their jurisdiction.