VNX British Pound
VGBP #4 GBPNot enough history yet. Tracked since 4 Oct 2026.
Markets
3 markets · 3 chains| # | Market | Pair | Spread | 24h volume | Share | UK status |
|---|
Source: our own reads, 6 Oct 2026. Spreads from exchange order books.
About VGBP
What is it?
A digital pound on public blockchains. Each VGBP is meant to be worth exactly £1 and can move between wallets in seconds.
What backs it?
Check the issuer's latest attestation for what backs each VGBP, and how often it is published.
How do I get pounds back?
Redeem with the issuer for GBP, or sell on an exchange. Exchange prices can drift slightly from £1.
What could go wrong?
It loses its £1 peg. Prices can fall below £1 if markets doubt the backing. VGBP's widest move in 90 days was —%.
The issuer fails. Not covered by the FSCS. Your claim depends on how the reserves are held.
You lose access. Lost keys or a failed app can mean lost coins. No password reset onchain.
Tax. Disposals can trigger capital gains tax, even on a pound-pegged coin.
About
What VGBP is, in three answers
What is it?
A digital pound on public blockchains. Each VGBP is meant to be worth exactly £1 and can move between wallets in seconds.
What backs it?
Check the issuer's latest attestation for what backs each VGBP, and how often it is published.
How do I get pounds back?
Redeem with the issuer for GBP, or sell on an exchange. Exchange prices can drift slightly from £1.
What could go wrong
It loses its £1 peg
Prices can fall below £1 if markets doubt the backing. VGBP's widest move in 90 days was —%.
The issuer fails
Not covered by the FSCS. Your claim depends on how the reserves are held.
You lose access
Lost keys or a failed app can mean lost coins. No password reset onchain.
Tax
Disposals can trigger capital gains tax, even on a pound-pegged coin.