On The Brink with Castle Island Andrew MacKenzie (Agant) on British Pound Stablecoins (EP.626)
May 21, 2025
In this engaging discussion, Andrew MacKenzie, founder of Agant and pioneer in the world of British Pound stablecoins, explains the significance of GBPA, the first pound sterling stablecoin. He navigates the complexities of the UK's regulatory environment and how it impacts financial institutions. MacKenzie shares insights on the rising interest in non-USD stablecoins and the transformative potential they hold for democratizing investment. He also highlights the changing mindset within traditional finance, as institutions rethink their strategies amidst the stablecoin revolution.
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From Veg Trading to Crypto
- Andrew MacKenzie started his career trading vegetables over the phone before entering crypto in 2020.
- His traditional finance background revealed market drivers that later influenced his blockchain ventures.
Need for GBP Stablecoin
- The UK lacks a GBP stablecoin despite being a major financial center.
- Agant aims to build a compliant, trustworthy GBP stablecoin to fill this gap.
Value of Non-USD Stablecoins
- Most UK crypto holders use USD stablecoins due to ecosystem liquidity.
- Non-USD stablecoins have real value in integrating with traditional UK financial services.