ChainCatcher News: Stablecoin issuer Agant has obtained registration with the UK Financial Conduct Authority (FCA) for its crypto asset business, preparing for the launch of its GBP stablecoin GBPA.
This registration, granted under UK anti-money laundering regulations, allows Agant to issue a fully GBP-backed stablecoin, GBPA, which will be pegged 1:1 to the British pound and primarily targeted at institutional users. Agant CEO Andrew MacKenzie stated that a well-designed GBP stablecoin provides a solid foundation for innovation in UK payments, settlement, and tokenized assets. The company is working closely with regulators, financial institutions, and global partners to build its platform. GBPA will enter the GBP stablecoin market, which already includes products like Tokenised GBP (TGBP), with a market cap of approximately $4.9 million.
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