In brief:
₿- A new pound-pegged stablecoin, GlobalX offers full 1:1 backing through verified cash reserves, positioning itself as a transparent and non-USD alternative to dominant stablecoins like USDC and Tether.
₿- Designed with institutional and global utility in mind, GlobalX targets emerging markets, cross-border payments, and Sharia-compliant finance, while also introducing an Annual Profit Sharing model that aims to deliver up to 30% annually.
As the stablecoin sector continues to evolve, the dominance of U.S. dollar-pegged assets like USDT and USDC is beginning to face competition. One example is GlobalX, a new pound-pegged stablecoin designed to offer a stable, transparent alternative in blockchain-based finance. While still in its early stages, GlobalX introduces a structure that may appeal to institutions and users seeking options beyond USD-backed tokens.
GlobalX is pegged to the British pound sterling (GBP) and claims full 1:1 backing through diversified multi-currency cash reserves. Proof of funds is reportedly available via a Tier One bank, which sets it apart from stablecoins that rely on partial reserves or limited disclosures. Though the market remains cautious after incidents involving reserve opacity in other projects, efforts toward transparency may position GlobalX as a credible entrant.
Its design reflects growing interest in stablecoins outside the scope of U.S. regulatory oversight, especially in a time when some users and developers are exploring alternatives that are less vulnerable to U.S. monetary and legal shifts.
Potential appeal in emerging and institutional markets
GlobalX may also gain relevance in emerging markets, where inflation, capital controls, or weak local currencies make stable cryptoassets attractive. The project is reportedly Sharia-compliant, targeting sovereign institutions, cross-border transactions, and digital payments infrastructure where conventional banking is either limited or expensive.
An additional feature worth noting is its Annual Profit Sharing (APS) framework, which targets up to 30% annual returns. While this model introduces the potential for yield, it also invites scrutiny around sustainability and risk—issues common to many interest-bearing crypto assets.
An emerging player in a growing sector
The stablecoin market has grown to over $120 billion, driven by demand for price-stable digital assets that can support payments, savings, and DeFi activity. GlobalX is one of several projects exploring non-USD pegs and alternative approaches to liquidity and trust. Whether it will gain traction remains to be seen, but for those following developments in the next wave of stablecoin design, GlobalX may be worth watching.
Stay informed,
Rodcas Consulting Group