Episode 35 - Is the GBP Stablecoin the Future of UK Finance?
Mar 27, 10:10 AM
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In this episode, our CEO Sean Kiernan, sits down with Andrew Mackenzie from Agant to explore the development of a GBP (British Pound) stablecoin. Andrew discusses the rationale behind creating a GBP stablecoin, emphasising its potential use cases and benefits within the UK financial system. He highlights the need for innovation in traditional finance, the advantages of stablecoins in cross-border transactions, and the importance of regulatory support. The conversation also touches on the future of central bank digital currencies (CBDCs) and the role of public versus private blockchains in the stablecoin market.
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About Agant:
Agant is developing a regulatory-compliant, UK-based GBP stablecoin, aiming to facilitate secure and transparent on-chain transactions and wealth storage in pound sterling. The platform aspires to become the global standard for digital GBP transactions, addressing the growing demand for digital assets among UK investors and the substantial remittance flows involving the UK.
About Agant:
Agant is developing a regulatory-compliant, UK-based GBP stablecoin, aiming to facilitate secure and transparent on-chain transactions and wealth storage in pound sterling. The platform aspires to become the global standard for digital GBP transactions, addressing the growing demand for digital assets among UK investors and the substantial remittance flows involving the UK.
For more information, visit https://www.agant.io. Or to connect with Andrew directly, message him on LinkedIn, or follow him on X at @andy_agant.
Time stamps
· Introduction to Andrew MacKenzie and Agant (00:00:00)
· Scottish Banks and Interest in Stablecoins (00:00:34)
· Inspiration for GBP Stablecoin (00:00:48)
· Regulatory Landscape for Stablecoins (00:02:20)
· Evolution of the GBP Stablecoin Project (00:03:09)
· Understanding Stablecoins (00:03:18)
· Maturity of the Stablecoin Market (00:04:39)
· Cross-Border Use Case for GBP Stablecoin (00:06:05)
· Settlement Benefits of Stablecoins (00:08:14)
· Programmability of Digital Sterling (00:10:09)
· Digital Euro and GBP Stablecoin Interaction (00:10:51)
· Key Developments in Stablecoins (00:12:13)
· CBDCs vs. Stablecoins (00:14:24)
· Public vs. Private Blockchains (00:16:30)
· Interoperability of Blockchains (00:17:50)
· UK Government Support for Fintech (00:19:25)
· The importance of a supportive environment (00:21:16)
· UK's historical innovation in finance (00:22:12)
· Introduction to Andrew MacKenzie and Agant (00:00:00)
· Scottish Banks and Interest in Stablecoins (00:00:34)
· Inspiration for GBP Stablecoin (00:00:48)
· Regulatory Landscape for Stablecoins (00:02:20)
· Evolution of the GBP Stablecoin Project (00:03:09)
· Understanding Stablecoins (00:03:18)
· Maturity of the Stablecoin Market (00:04:39)
· Cross-Border Use Case for GBP Stablecoin (00:06:05)
· Settlement Benefits of Stablecoins (00:08:14)
· Programmability of Digital Sterling (00:10:09)
· Digital Euro and GBP Stablecoin Interaction (00:10:51)
· Key Developments in Stablecoins (00:12:13)
· CBDCs vs. Stablecoins (00:14:24)
· Public vs. Private Blockchains (00:16:30)
· Interoperability of Blockchains (00:17:50)
· UK Government Support for Fintech (00:19:25)
· The importance of a supportive environment (00:21:16)
· UK's historical innovation in finance (00:22:12)