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Coinbase lists GBP-backed stablecoin tGBP globally, enabling pound-based crypto transactions with lower FX risk and broader access.
Author: Arushi Garg
23 April, 2026: Coinbase has officially listed tGBP, its first GBP-backed stablecoin, making it available globally starting April 22, 2026. Issued by FCA-registered BCP Technologies and fully backed 1:1 by cash and short-term UK government bonds, tGBP allows users to buy, sell, convert, send, and receive British pounds directly on the Coinbase app and exchange without FX fees or currency conversion risk. This marks the first time a major global platform has offered a regulated pound-denominated stablecoin, significantly lowering barriers for UK users and accelerating the country’s push to become a leading crypto hub.
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Al(ex)under
@MealShell
@MartiniGuyYT This is huge for the UK crypto scene! 🇬🇧💰 Can't wait to see how tGBP shakes things up and makes crypto even more accessible! 🚀
🚨UPDATE COINBASE LISTS ITS FIRST GBP-BACKED STABLECOIN, tGBP “WE’RE BRINGING THE UK ONCHAIN” https://t.co/z4OwUeYjFr
06:18 PM·Apr 22, 2026
DaddyRist_WSB
@DaddyRist
@MartiniGuyYT Coinbase saved the pound before the BoE could, massive aura
🚨UPDATE COINBASE LISTS ITS FIRST GBP-BACKED STABLECOIN, tGBP “WE’RE BRINGING THE UK ONCHAIN” https://t.co/z4OwUeYjFr
06:12 PM·Apr 22, 2026
Marcus | Macro Strategist
@Marcus_Analyst
@MartiniGuyYT GBP stablecoin on Coinbase? That's just another fiat rail onramp.
🚨UPDATE COINBASE LISTS ITS FIRST GBP-BACKED STABLECOIN, tGBP “WE’RE BRINGING THE UK ONCHAIN” https://t.co/z4OwUeYjFr
06:12 PM·Apr 22, 2026
Steady attention without excessive speculation.
Coinbase has listed tGBP, its first GBP-backed stablecoin, globally on April 22, 2026. The stablecoin, issued by FCA-registered BCP Technologies, is fully backed 1:1 by cash and short-term UK government bonds. Users can now buy, sell, convert, send, and receive tGBP directly on the Coinbase app and exchange without FX conversion.This marks the first time a regulated British pound stablecoin is available on a major global platform. The move reduces reliance on USD stablecoins for UK users, cuts transaction friction, and supports the UK’s push to become a leading crypto hub by expanding local-currency options in digital finance.
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How tGBP compares with major global stablecoins across currency, backing, and market positioning
GBP is issued by BCP Technologies, an FCA-registered electronic money institution based in the UK. Users can redeem tGBP directly with the issuer for British pounds at a 1:1 rate, and BCP will publish monthly independent attestations confirming full reserves of cash and short-term UK government bonds.
This listing is part of Coinbase’s wider strategy to offer regulated local-currency stablecoins beyond USDC. Following EURC, tGBP is the second non-USD fiat stablecoin on the platform, signaling Coinbase’s plan to support more currencies like AUD, JPY, and CAD in the future while deepening its presence in key regulated markets.
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