Coinbase Global Inc (COIN)

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GBP Stablecoins are Unlocking the Future of Finance: tGBP now on Coinbase
By Keith Grose
Apr 22, 2026

TLDR: Coinbase is listing a new fiat-backed stablecoin, tGBP. Expanding access to local currency stablecoins is crucial to positioning the UK as a true global hub for crypto innovation and supports our mission to build a more open, accessible and efficient financial system.

Starting April 22, tGBP will be available on Coinbase globally. Stablecoins are having their "iPhone moment". They are no longer just a tool for crypto traders; they are becoming central to the global payments system. As the global economy moves online, stablecoins are set to become the default way people and businesses move money both globally and locally.

The statistics speak for themselves:

* The stablecoin market cap has reached over $300 billion and some project it to grow to a $2 trillion asset class within the next few years.

* In 2025 alone, stablecoins settled over $30 trillion in transactions.

* Usage remains high and largely uncorrelated with broader crypto price fluctuations, proving their utility as a stable medium of exchange.

Why Local Currency Stablecoins Matter for the UK

For the UK to fully realize the benefits of the digital economy, locally denominated stablecoins like tGBP are crucial. By utilizing a GBP-backed stablecoin, users can:

* Reduce friction: Move money instantly without the traditional delays of legacy banking systems.

* Avoid FX volatility: Manage digital assets without the need to constantly convert between USD-pegged stablecoins and British Pounds, eliminating unnecessary foreign exchange risks.

* Unlock innovation: Participate in the burgeoning world of tokenized real-world assets and on-chain economy using their local currency.

A Vision for UK Leadership in Digital Finance

The listing of tGBP is part of our broader international expansion strategy to support more locally denominated stablecoins. However, for the UK to become a true global hub for crypto innovation, the regulatory environment must remain supportive.

The issuer of tGBP, BCP Technologies, is registered with the FCA, and has participated in the FCA’s regulatory sandbox.

We believe it is vital for the UK to drive a flourishing stablecoin ecosystem by:

* Ensuring stablecoins can compete on a level playing field with other forms of digital money: for example, the UK should not introduce overly punitive prudential requirements and should allow rewards on stablecoin holdings.

* Ensuring a proportionate approach to backing assets: for example, a requirement for systemic stablecoin issuers to hold 40% of reserves in unremunerated cash at the central bank is not risk-based.

* Avoiding overly cautious caps for systemic stablecoins: implementing a "regulatory speed limit" or cap on stablecoin issuance is effectively a cap on innovation.

* Allowing stablecoins to be used as the settlement asset in tokenisation of wholesale markets: this should be the case outside of the Sandbox, in a real world environment.

Getting Started

Starting today, Coinbase users in the UK and other supported regions can buy, sell, convert, send, and receive tGBP on the Coinbase app and Coinbase Exchange.

https://www.coinbase.com/blog/gbp-stablecoins-are-unlocking-the-future-of-finance

I see many ways that Coinbase (COIN) is adding value & probably growing revenues internationally, so I bought more COIN stock today. Also, i really like that i can now
buy very low cost crypto through their DEX service, instead of waiting until they go way up in price and get officially listed on Coinbase. I like that the 6 that i
am currently accumulating are limited to a billion, verses some that i have purchased in the past with 100's of billions or my big (but fun) accumulation of
SHIB, which is 589 Trillion.