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22/3/2024
Archblock

Damex and Poundtoken launch 1GBP utilizing the technology of the Archblock Stablecoins Issuance Platform

Archblock is excited to support the issuance of the fiat-backed stablecoin, 1GBP. Damex and Poundtoken have partnered to relaunch GBPT as 1GBP, using the technology of Archblock’s Stablecoins Issuance Platform. Archblock offers the technical and operational foundation for its customers to build private labeled stablecoins. 1GBP represents the first in a series of international fiat-backed stablecoins that Damex, Poundtoken, and their supporting partners plan to launch.

Stablecoins enable 24/7 transactions, reduce the friction and costs associated with traditional banking, promote financial inclusion, and allow users to transact easily around the globe. 1GBP focuses on security, compliance, and the democratization of financial solutions that have been historically limited to those with access to traditional banking services.

Archblock Stablecoins develops and implements stablecoin technology that is customized to meet the needs of its customers. The services Archblock offers include bank-grade customer onboarding with audited KYC/AML solutions, smart contract development and maintenance, bank integrations, exchange listings for liquidity, a white-labeled user-facing application for minting and redeeming, and industry-leading security.

Archblock Stablecoins develops and implements stablecoin technology that is customized to meet the needs of its customers. The services Archblock offers include bank-grade customer onboarding with audited KYC/AML solutions, smart contract development and maintenance, bank integrations, exchange listings for liquidity, a white-labeled user-facing application for minting and redeeming, and industry-leading security.

Damex and Poundtoken launch 1GBP utilizing the technology of the Archblock Stablecoins Issuance… was originally published in Archblock on Medium, where people are continuing the conversation by highlighting and responding to this story.

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Financial InclusionBlockchainFintech
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Archblock Launches New Fiat-Backed Stablecoin, 1USD
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Archblock Launches New Fi...

Archblock Stablecoins is excited to announce the launch of a new fiat-backed stablecoin, 1USD. Anchored to the US Dollar, the stablecoin stands as a testament to Archblock’s technology, which is revolutionizing the exchange medium, offering frictionless and secure transactions across borders and empowering seamless global commerce. Renaissance Ambition AG, a subsidiary of Archblock, is the issuer of 1USD and the stablecoin will initially be available on Ethereum and Aleph Zero.
1usdarchblockstable-coinblockchain

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