Agant is launching GBPA, a pound sterling stablecoin designed to address the growing demand for regulated digital currency solutions in the UK. The development comes as a response to the lack of reliable, regulated GBP settlement assets in the digital space. GBPA will be backed 1:1 by a combination of cash and approved high-quality liquid assets (HQLA).
Agant has adopted a compliance-first strategy, actively engaging with UK regulators, including the Financial Conduct Authority (FCA) and the Bank of England. The stablecoin will use LayerZero for cross-chain functionality, enabling seamless operation across multiple blockchain networks, and Agant’s proprietary FasterStables technology will streamline token issuance and redemption processes.
GBPA has the potential to revolutionize the UK’s remittance market, which processes over £16 billion in bilateral flows with fees ranging from 5-7%. Agant plans to expand its offerings with public launch, integration of DeFi institutional tooling, and development of remittance and payment solutions.