What is Monerium GBP emoney (GBPe)?
GBPe is the pound sterling counterpart to Monerium's euro token, issued by the Icelandic electronic money institution that holds an e-money licence covering the EEA, UK and Switzerland. It lives primarily on Gnosis Chain, where it supports sterling spending through Gnosis Pay cards.
- Type
- Pound sterling e-money token
- Launched
- 2019
- Consensus
- Runs on Gnosis Chain
- Max supply
- No fixed cap (1:1 GBP-backed)
- Swap network
- Gnosis Chain
How Monerium GBP emoney works
Monerium creates GBPe when pounds are received into a user's linked account and destroys tokens that are redeemed, returning sterling to the bank. Each unit is a legal e-money claim on Monerium backed one-to-one by segregated GBP reserves; the listing uses the V2 contract introduced during Monerium's token upgrade.
What GBPe is used for
UK-based users hold GBPe to spend in pounds with a Gnosis Pay card or to send sterling on-chain without touching dollar stablecoins. Some DeFi users also swap it against EURe or USD tokens for currency exposure.
GBPe supply
Supply is uncapped and mirrors the sterling held by Monerium, rising with issuance and shrinking with redemptions.
Before you swap GBPe
GBPe moves on Gnosis Chain here, with xDAI needed for any later transactions. It is pegged to the pound, and on-chain liquidity is modest compared with major dollar stablecoins, so larger swaps may see more price impact.