Coinbase CEO Criticizes UK Stablecoin Limit

Coinbase CEO Brian Armstrong has expressed concerns over the UK's proposed stablecoin limit, which could have significant implications for the country's financial sector. The Bank of England suggested capping individual stablecoin holdings at $26,350 and business holdings at $12.7 million. This move has sparked debate among experts, with some arguing that it would reduce innovation and limit adoption in the UK.

Stablecoins have become an increasingly important revenue source for Coinbase, particularly under new US rules. In 2025, the company earned $1.35 billion in stablecoin revenue, with a significant portion coming from its partnership with Circle. The new US legislation creates a federal framework for stablecoins, which could lead to increased growth for Coinbase.

The UK's proposed limit has sparked a debate over whether regulators should focus on strict limits to control risks or allow stablecoins while managing risk carefully. Experts say that stablecoins are no longer just crypto; instead, they are becoming part of the global financial infrastructure.