Welcome DT News

  • CONTACT
  • ABOUT US
Deythere
  • Home
  • News
    image 446
    NewsCryptoMarketSponsored Article

    Pepe Price Prediction: Can It Hit $0.000018 in 2025? MoonBull Whitelist Could Be the New Meme Coin Jackpot – Join Now

    The crypto world never sleeps, and meme coins have been the life…

    By
    Benedikt Krüger
    September 18, 2025
    CME to Launch Solana and XRP Options in October Pending Approval
    NewsCryptoMarket
    CME to Launch Solana and XRP Options in October Pending Approval
    September 18, 2025
    Brian Armstrong Confident U.S. Crypto Bill Will Pass by Year-End
    NewsCryptoMarket
    Brian Armstrong Confident U.S. Crypto Bill Will Pass by Year-End
    September 18, 2025
    Ethereum Local Bottom? Binance Open Interest Drop Signals Reset Ahead
    MarketCryptoEthereumNews
    Ethereum Local Bottom? Binance Open Interest Drop Signals Reset Ahead
    September 18, 2025
    SEC Approves New Crypto ETF Rules Backing Nasdaq, Cboe, and NYSE
    NewsCryptoMarket
    SEC Approves New Crypto ETF Rules Backing Nasdaq, Cboe, and NYSE
    September 18, 2025
  • Cryptocurrency
    image 446
    Pepe Price Prediction: Can It Hit $0.000018 in 2025? MoonBull Whitelist Could Be the New Meme Coin Jackpot – Join Now
    12 Min Read
    CME to Launch Solana and XRP Options in October Pending Approval
    CME to Launch Solana and XRP Options in October Pending Approval
    7 Min Read
    Brian Armstrong Confident U.S. Crypto Bill Will Pass by Year-End
    Brian Armstrong Confident U.S. Crypto Bill Will Pass by Year-End
    8 Min Read
    Ethereum Local Bottom? Binance Open Interest Drop Signals Reset Ahead
    Ethereum Local Bottom? Binance Open Interest Drop Signals Reset Ahead
    7 Min Read
    SEC Approves New Crypto ETF Rules Backing Nasdaq, Cboe, and NYSE
    SEC Approves New Crypto ETF Rules Backing Nasdaq, Cboe, and NYSE
    8 Min Read
    Ethereum Staking
    Vitalik Defends Ethereum Staking Queue Amid Growing Concerns
    6 Min Read
    Previous Next
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Reading: Can Agant’s GBPA Redefine the Pound in the Digital Age?
Share

[ccpw id=”7831″]

DeythereDeythere
Font ResizerAa
  • Home
  • Crypto
  • Market
  • News
  • Blockchain
  • Contact
Search
  • Home
  • News
  • Cryptocurrency
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Have an existing account? Sign In
Follow US
© DT News. All Rights Reserved.
Deythere > News > Crypto > Can Agant’s GBPA Redefine the Pound in the Digital Age?
CryptoNews

Can Agant’s GBPA Redefine the Pound in the Digital Age?

Agant’s GBPA Transforming UK Digital Finance with a Compliant Pound-Pegged Stablecoin
Can Agant’s GBPA Redefine the Pound in the Digital Age?
Gayatri Ailyaani
Last updated: November 21, 2024 10:54 am
By
Gayatri Ailyaani
Published November 21, 2024
5 Min Read
Share

In a step that is likely to change the digital finance curve in the UK, British stablecoin start-up Agant is planning to launch the GBPA, a pound-pegged stablecoin that works within the confines of existing law. This is in recognition of the growing demand for a digital currency solution within the UK, particularly as more and more people and organizations are interacting with digital assets.

Contents
  • Agant’s GBPA: Pound-Pegged Stablecoin for Seamless Transactions
  • Bridging the Gap in UK Digital Asset Settlement
  • Faster, Cheaper Remittances with Agant’s GBPA
  • Milestones Achieved in 2024
  • The Business Model Behind Agant’s GBPA Success

Agant’s evolution of GBPA addresses a huge market deficiency, namely the lack of a controlled GBP settlement asset in the digital space. Given that more than 6 million people and 32% of the UK’s establishments are already involved in digital assets, the need for a compliant, stable currency is at its highest. The founding members of Agant felt this particular gap firsthand, recalling, “The inspiration for GBPA came from seeing a personal need to settle transactions and store value on-chain in our native currency, pound sterling.”

Agant’s GBPA Transforming UK Digital Finance with a Compliant Pound-Pegged Stablecoin

Agant’s GBPA: Pound-Pegged Stablecoin for Seamless Transactions

What differentiates GBPA from current stablecoins is Agant’s focus on compliance from day one. The organization is in constant contact with UK regulation bodies, such as the Financial Conduct Authority (FCA) and Bank of England, so that their stablecoin will be fully compliant with the law. This approach is in stark contrast with competitors such as Tether (USDT), which has opted out of meeting the EU regulation on Markets in Crypto-Assets (MiCA).

In order to get rid of the concerns about the fluctuations associated with stablecoins, it is planned that the GBPA currency will be fully backed on a 1:1 basis with cash and high-quality liquid assets, which will be approved for usage. This backing strategy aims to comply with regulations to the letter, with an additional assurance that customers’ funds will only be kept in separate accounts. Additionally, Agant has made arrangements with top-ranked liquidity providers and market makers to ensure adequate market liquidity, thus providing more confidence in the stability of GBPA.

Bridging the Gap in UK Digital Asset Settlement

As part of Agant’s expansion plan, the company is entering into partnership agreements with the major blockchain ecosystems such as Solana, Avalanche, Ethereum and the like. Working with Archax, Copper, and Fireblocks will enhance its operational efficiencies. In addition, GBPA will use LayerZero technology to facilitate cross-chain integration, enabling efficient transactions with multiple blockchain networks. The firm’s proprietary FasterStables technology seeks to enhance the speed of token issuance and redemption as well.

Faster, Cheaper Remittances with Agant’s GBPA

Faster, Cheaper Remittances with Agant’s GBPA

Among the most exciting and innovative use cases for the GBPA is the change it would bring to the remittance market in the UK. Traditionally, remittance systems can process over £16 billion in bilateral flows and charge between 5-7% for their services. They incur about £1.2 billion of such fees for intermediaries each year. One of the companies providing those services argues that, for example, expenses connected with payment methods could be significantly changed into efficient, even removing those expenditures. The company states that, unlike conventional processes, which may last for up to five business days, with GBPA, transactions will be done almost in real-time.

Milestones Achieved in 2024

Agent has already been extremely successful in achieving some key milestones in 2024, which include:

-Completion of its Consumer MVP integrated with KYC processing, additional banking services, and Open Banking.

-Controlled access beta tests were completed with success.

-Cross-chain deployment architecture development through LayerZero.

-Gaining advancement towards compliance with the ISO 27001 standard.

-FasterStables have been developed to enable faster transactions from GBP to GBPA.

The Business Model Behind Agant’s GBPA Success

Agant will be taking steps to broaden their scope of work vis a vis going public in 2025, adding DeFi institutional tooling, putting on board on-chain FX partners, designing the remittance service, and providing tools for developers’ API.

The approach of Agant is two-faceted as it incorporates transaction charges alongside gaining revenue from the client’s funds, which are held in very liquid short-term UK gilts and other approved HQLAs. The corporation is of the view that regulatory adherence is fundamental for the growth and sustainability of GBPA in the changing digital age.

Advertising

For advertising inquiries, please email . [email protected] or Telegram

Coinbase’s Paul Grewal Voices Concerns as SEC Seeks Control Over DEXs

Cathie Wood Reiterates Bold Bitcoin Prediction: $1 Million by 2030

Pepe Profits Gone? MoonBull Becomes the Top 100x Crypto Pick for 2025 With Whitelist Spots Running Out

Crypto Expert Neuner: Expect Explosive Growth in Sui and Other Altcoins!

Will Tron Explode in 2025? $TRX Eyes $1 as DeFi and Gasless Stablecoin Take Off

TAGGED:Digital Assestsstablecoins

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
Previous Article Shanghai Court Orders Refund in Billion-Yuan Crypto Contract Dispute Shanghai Court Orders Refund in Billion-Yuan Crypto Contract Dispute
Next Article Best cryptos to invest November 2024 Here’s Why Qubetics, Cardano, and Polkadot Lead the Charge as The Best Cryptos to Invest in November 2024
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Subscribe to our newslettern

Get Newest Articles Instantly!

Popular News
crypto 2024
Crypto Derivatives Market Heats Up as Innovative Products Emerge
crypto approval
Blockchain Revolutionizes Energy Markets with Decentralized Trading Platforms
crypto news
Cutting-Edge Mining Technologies Drive Efficiency in Cryptocurrency Production
crypto 2024 1200x720
Decentralized Identity Emerges as a Catalyst for Data Privacy Renaissance
space
Tech Giant Announces Breakthrough in Quantum Computing
worldwide protest
Worldwide Protests Demand Action on Climate Change
global
Global Economic Forecast Reveals Slow Recovery Post-Pandemic
solar power
Revolutionary Solar Power Technology Unveiled

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Deythere

DT News influence 20 million users and is the number one business blockchain and crypto news network on the planet.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Menu

  • Home
  • News
© DT News. All Rights Reserved.
Banner 1
Banner 2
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

  • English