jGBP icon USD icon

jGBP-USD price

$

Price updated every 2 minutes.

jGBP icon

About jGBP

Name

Ticker

Circulating supplyQuestion mark circle icon

Maximum supplyQuestion mark circle icon

Launch date

Jarvis Synthetic British Pound

jGBP

n/a

No limit

3 Feb 2021

Website

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GithubQuestion mark circle icon

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CollateralQuestion mark circle icon

jarvis.network

link

link

British pound

USDC


jGBP market info

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High (24h)

Low (24h)

Price cChange (24h)

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Price cChange (30d)

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$

%

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%

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Volume (24h)

All-time high

ATH date

All-time low

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$ (%)

$

jGBP FAQ

Find below the answers to the most common questions about the jGBP stablecoin. When available, we give you links to in-depth articles for further reading.

The jGBP is a synthetic fiat currency, meaning that it is not backed by an off-chain reserve of fiat currencies. Instead, it tracks the price of the British pound against the price of the US dollar via a peg mechanism with the USDC, one of the biggest and most trusted USD stablecoins on the market.


Right now, 1 jGBP is worth $.


Right now, 1 US dollar is equal to jGBP.


By being linked to the USDC and redeemable with it, the jGBP directly benefits from its vast liquidity and deep integration within the ecosystem. The jGBP can therefore be used for any type of volatility-free payment or trading operations on the blockchain.


A stablecoin is a type of cryptocurrency designed to have the same value as a given fiat currency, like the US dollar. Its purpose is to let users invest in and out of volatile crypto-assets easily while remaining on chain, to facilitate crypto payments, and to denominate the price of other tokens in currencies that people are familiar with. To learn more, read our introduction to stablecoins.


The jGBP is created on Synthereum, the on-chain Forex protocol developed by Jarvis Network. It is issued through a borrowing mechanism, where anyone can deposit USDC in the protocol and receive 75% of the deposit's value in jGBP. The liquidity provider then receives a share of the trading fees generated on Jarvis Exchange in reward.


The jGBP is entirely backed by USDC and over-collateralized with it, so it has the same risk profile as USDC. You can read more about it in Bluechip's USDC analysis.

The price of jGBP tracks the price of the British pound by using both the price of its collateral, the USDC stablecoin, and a price oracle that provides a USD-GBP exchange rate in real time.


You never store jGBP in itself. Instead, you store the private key giving you access and control over a jGBP address. That key is stored in a wallet, which provides an interface to use it. To learn more, read our in-depth guide on storing crypto assets.


To send jGBP, you use a crypto wallet like Bridge Wallet where you will choose the amount to send and the destination address. Confirm and send, that's it!


You can buy jGBP here by bank transfer or by card on any self-custodial jGBP wallet. For more information, have a look at our step-by-step tutorial on how to buy jGBP.


You can swap jGBP on Mt Pelerin against one of the cryptocurrencies that we support, using any self-custodial jGBP wallet. For more information, have a look at our step-by-step tutorial on paraswap.io for other jFiats and cryptos without any slippage, using Chainlink's price feeds.


You can cash out jGBP here easily with Mt Pelerin and withdraw funds on your bank account in one of the 12 fiat currencies that we support. For more information, have a look at our step-by-step tutorial on how to sell jGBP.


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