Agant GBP (GBPA) is a fiat-backed British pound stablecoin. It has about $3.3M in circulation, ranking #171 among the stablecoins CoinScoop tracks, and runs on 4 blockchains.
What is GBPA?
Agant GBP (GBPA) is a fiat-backed British pound stablecoin. It has about $3.3M in circulation, ranking #171 among the stablecoins CoinScoop tracks, and runs on 4 blockchains.
In the issuer's words: Agant GBP (GBPA) is a pound sterling stablecoin issued by Agant Finance Limited, a UK-based issuer registered with the UK Financial Conduct Authority as a cryptoasset firm under the Money Laundering Regulations (FRN: 1037671). GBPA is designed to be fully backed and redeemable 1:1 for pound sterling, and used for GBP-denominated payments, settlement, treasury operations, and on-chain financial applications.
GBPA supply history
GBPA supply grew 171.4% over the past 30 days, to $3.3M. It is at or near its all-time high.
Is GBPA holding its peg?
GBPA is trading within 0.5% of its target, which is normal for a healthy stablecoin.
Where GBPA lives: supply by blockchain
GBPA is spread across several networks. The largest, Ethereum, holds 61% of supply. Check that the token on your chain is the issuer's official contract, not a bridged copy.
How GBPA is backed
Each GBPA is meant to be redeemable for one unit of its reference currency, backed by reserves such as bank deposits and short-term government debt held by the issuer or its custodians.
Minting and redemption: Eligible clients can exchange GBP for GBPA and redeem GBPA for GBP through Agant Finance Limited, subject to Agant's terms, onboarding requirements, compliance checks, and applicable regulatory obligations.
GBPA risks
Your claim is on the issuer and the banks or funds holding its reserves. A failure or freeze there can break the peg, as USDC briefly did in March 2023.
Fiat-backed issuers can usually freeze tokens at specific addresses, for example to comply with sanctions or court orders.
With $3.3M in circulation, exiting a large position may move the price. Redemption may be limited to approved customers.
Copies of a stablecoin moved by third-party bridges depend on those bridges. Prefer the issuer's native contract on each chain.
Rules such as the US GENIUS Act and the EU's MiCA can restrict which stablecoins exchanges list in a given country.
GBPA vs USDT and USDC
Similar fiat-backed stablecoins
See all →- tGBP $34.9M
GBPA FAQ
What is GBPA?
Agant GBP (GBPA) is a fiat-backed British pound stablecoin. It has about $3.3M in circulation, ranking #171 among the stablecoins CoinScoop tracks, and runs on 4 blockchains.
Is GBPA pegged 1:1 to the british pound?
GBPA targets 1 GBP. At the last update it traded at £0.9991, a deviation of -0.09%, which we classify as "on peg".
What backs GBPA?
GBPA is a fiat-backed stablecoin. Each GBPA is meant to be redeemable for one unit of its reference currency, backed by reserves such as bank deposits and short-term government debt held by the issuer or its custodians.
Which blockchains is GBPA on?
GBPA is live on 4 blockchains. The largest by supply are Ethereum ($1.3M), Arc ($760K), Tempo ($66K).
How much GBPA is in circulation?
About $3.3M of GBPA was in circulation at the last update, +171.4% over 30 days. That makes it the #171 stablecoin by supply among those we track.
Is GBPA safe?
No stablecoin is risk-free. As a fiat-backed design, GBPA's main risks are reliance on the issuer and its banks or custodians, how transparent the reserves are, the issuer's ability to freeze tokens, and regulatory action. Its supply is small, so liquidity can be thin. It currently shows "on peg" on our peg monitor. This page is information, not investment advice.