Celo British Pound is a stablecoin pegged to the Great Britain Pound, designed to provide stability in the cryptocurrency ecosystem. As a fully open-source and decentralized token, it operates on the Celo blockchain, utilizing the ERC-20 standard. This stablecoin is part of the Mento platform, which focuses on the creation, management, and trading of decentralized stablecoins. cGBP is backed by an on-chain reserve, known as the treasury, which consists of various stablecoins and digital assets to ensure its value stability. The Mento platform is built to be EVM-compatible, allowing for seamless integration with other decentralized applications and services. This compatibility enhances the utility of cGBP within the broader DeFi ecosystem, making it a versatile option for users and investors seeking a stable digital currency. Overall, cGBP offers a reliable means of transacting and storing value while contributing to the growing landscape of decentralized finance. Its design and backing mechanism aim to maintain stability and trust among users in the crypto market.