November 16, 2020 Binance discontinues GBP-pegged stablecoin.

Binance has announced the discontinuation of its own stablecoin pegged to the U.K. pound, BGBP. The stablecoin’s discontinuation was finalized today with the removal of its last remaining trading pair on the exchange, which was with USDC, a dollar-pegged stablecoin. Remaining holders will be able to exchange BGBP for pounds via the Binance Convert service.