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Brian Armstrong Says Stablecoins Are the Best Money as tGBP Launches
Coinbase lists tGBP, the first GBP-backed stablecoin on its platform. Brian Armstrong calls stablecoins the best form of money.
Coinbase has listed tGBP, marking its first GBP-backed stablecoin on the platform.
Brian Armstrong, Coinbase CEO, took to X to share his thoughts. He called stablecoins “the best form of money.” His comments came alongside the broader UK-focused announcement from Coinbase UK.
Related reading:
Brian Armstrong Backs Stablecoins as the Future of Money
Armstrong’s statement sparked debate online. Bitcoin supporters were quick to point out a contradiction.
In July 2025, Armstrong had called Bitcoin “the best form of money ever created.” His latest remarks shifted focus to stablecoins, drawing pushback from parts of the crypto community.
The contrast highlighted ongoing tensions between stablecoin utility and Bitcoin’s core value proposition. Stablecoin advocates point to everyday usability.
Bitcoin supporters argue that scarcity sets it apart. The debate reflects broader divisions within the crypto space.
Armstrong did not address the apparent shift in his stance. His comments focused on stablecoins’ growing role in global payments. He linked the tGBP launch to that larger trend.
tGBP Aims to Bring the British Pound Onchain
Coinbase UK described the launch as part of its mission to bring the UK onchain.
The platform said tGBP gives users access to British pound-denominated digital assets. This removes the need to convert between GBP and USD-pegged stablecoins. That cuts down on foreign exchange risks for UK users.
The issuer behind tGBP is BCP Technologies. The company holds registration with the Financial Conduct Authority. It also participated in the FCA’s regulatory sandbox, according to the announcement.
Users in the UK and other supported regions can now buy, sell, convert, send, and receive tGBP. The token is available on the Coinbase app and Coinbase Exchange.
Read also:
Coinbase Calls for Supportive UK Stablecoin Regulation
Coinbase used the announcement to push for friendlier regulation in the UK.
The company outlined several concerns. It warned against high reserve requirements for stablecoin issuers. It also opposed caps on stablecoin issuance, calling them a limit on innovation.
Coinbase further argued that stablecoins should serve as settlement assets in tokenized wholesale markets. It said this should apply beyond sandbox environments.
The company framed these points as necessary for the UK to lead in digital finance.
The stablecoin market has grown to over $300 billion in total market cap. In 2025, stablecoins settled over $30 trillion in transactions. Coinbase cited those figures to support its case for fewer restrictions.