Coinbase Adds tGBP British Pound Stablecoin Support

Coinbase, the leading cryptocurrency exchange, has launched support for tGBP, a British pound-pegged stablecoin, on its app and exchange platform, marking a key expansion into local-currency digital assets. The listing, announced on April 22, enables users worldwide to buy, sell, exchange, send, and receive tGBP, providing a regulated alternative to U.S. dollar-dominated stablecoins.

Issued by BCP Technologies, a U.K.-based firm registered with the Financial Conduct Authority, tGBP maintains a 1:1 peg to the British pound through reserves held in segregated accounts at a regulated financial institution. The token underwent testing in the FCA's regulatory sandbox from 2021 to 2025, ensuring compliance with U.K. standards for issuance and distribution. BCP Technologies, supervised by the FCA, designed tGBP for both retail and institutional users to facilitate efficient global transactions in pounds via blockchain, avoiding intermediaries and price volatility.

This move aligns with Coinbase's broader strategy to diversify beyond dollar-based stablecoins and support international growth. In a company blog post, Coinbase described stablecoins as entering a "pivotal moment," evolving...