VNX British Pound VGBP

Solana · Fiat-backed Stablecoin · Solana Ecosystem · Stablecoins

☆ Watch

VGBP is a GBP-pegged stablecoin issued by VNX Commodities AG. It is used for cross-border payments, DeFi applications, and on-chain foreign exchange trading across multiple blockchains. Each token is backed 1:1 by GBP reserves held in banks in Switzerland and Liechtenstein, with reserves primarily composed of VNX Gold to ensure holders maintain stable value while benefiting from the underlying gold collateralization model.