VNX British Pound (VGBP) quarantined stablecoin record
Live tracking temporarily paused
DefiLlama's stablecoin supply feed currently reports no circulating VGBP supply, so VGBP cannot satisfy Pharos' exact active supply-publication contract without an ad hoc supply override.
Effective 2026-07-19; review due 2026-08-19; DefiLlama stablecoin detail for VGBP
VGBP is VNX's issuer-redeemable pound sterling token, backed at the latest published report date by an aggregate GBP-value reserve of undisclosed composition.
Static Profile
Static stablecoin profile
VNX British Pound (VGBP) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg British Pound.
AI summary / Updated Jul 8, 2026
VNX's VGBP is Liechtenstein-licensed on-chain British sterling, backed 1:1 by GBP deposits in Swiss and Liechtenstein bank accounts and redeemable through verified issuer accounts. The niche is almost empty: VGBP gives Base, Celo, and Solana users a pound unit, but its market...
AI summary · drafted by claude-fable-5 · reviewed by @TokenBrice on Jul 8, 2026 · facts as of Jul 8, 2026
- Collateral
- Aggregate GBP-value reserves held by VNX Commodities AG in bank accounts and/or securities custody accounts; the latest published AREVA report does not disclose the holdings or category split
- Peg Mechanism
- Direct 1:1 redemption through VNX Commodities AG; tokens minted on demand for verified customers depositing equivalent GBP value
- Jurisdiction
- Liechtenstein / FMA / TVTG (Blockchain Act)
- Proof Of Reserves
- Independent Audit by AREVA General Auditing and Trust Company Limited Reserve source
Snippet Answer
Is VGBP safe?
VNX British Pound is not in Pharos's active universe. DefiLlama's stablecoin supply feed currently reports no circulating VGBP supply, so VGBP cannot satisfy Pharos' exact active supply-publication contract without an ad hoc supply override.
Next Actions
This record preserves static and historical context; live actions are available only for active assets.
Source: checked-in StablecoinMeta profile fields. This inactive record does not participate in current live monitoring; the summary above was last updated Jul 8, 2026.
VGBP quick answers
What is VNX British Pound (VGBP)?
VGBP is VNX's issuer-redeemable pound sterling token, backed at the latest published report date by an aggregate GBP-value reserve of undisclosed composition. The static profile records its British Pound peg mechanism as: Direct 1:1 redemption through VNX Commodities AG; tokens minted on demand for verified customers depositing equivalent GBP value
Is VGBP safe?
VNX British Pound is not in Pharos's active universe. DefiLlama's stablecoin supply feed currently reports no circulating VGBP supply, so VGBP cannot satisfy Pharos' exact active supply-publication contract without an ad hoc supply override.
What backs VGBP?
Pharos classifies VGBP backing as Real-World Asset Backed. Collateral, per the static profile: Aggregate GBP-value reserves held by VNX Commodities AG in bank accounts and/or securities custody accounts; the latest published AREVA report does not disclose the holdings or category split Reserve evidence: Independent Audit from AREVA General Auditing and Trust Company Limited.
Can VGBP be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded. VGBP is outside active monitoring; this static record preserves the reviewed control context.