Agant registers with U.K. FCA ahead of British pound stablecoin debut

The issuer cleared a key regulatory hurdle as it prepares to roll out GBPA, a fully backed sterling stablecoin targeting institutional use. What to know : Agant is now registered with the U.K. Financial Conduct Authority under money laundering regulations. The approval paves the way for the issuance of GBPA, a 1:1 fully backed GBP stablecoin. The firm is targeting institutional payments, settlement and tokenized asset markets.