Kamino Launches tGBP Lending Market on Solana

Solana-based lending protocol Kamino has introduced a new market for tGBP, a British pound-pegged stablecoin issued by BCP Technologies. Curated by Steakhouse Financial, the market allows users to supply tGBP or borrow sterling-denominated liquidity using collateral such as USDC, cbBTC, and JitoSOL. This initiative aims to address the needs of users requiring pound-denominated credit, reducing foreign exchange exposure compared to traditional dollar-based stablecoin loans. While the DeFi ecosystem remains heavily dominated by dollar stablecoins, this launch represents a step toward diversifying onchain credit markets.