diff --git a/types/bench_test.go b/types/bench_test.go
index be7e0c7f4b..6c1cbc88cb 100644
--- a/types/bench_test.go
+++ b/types/bench_test.go
@@ -18,7 +18,7 @@ func BenchmarkParseCoin(b *testing.B) {
 	b.ReportAllocs()
 	for i := 0; i < b.N; i++ {
 		for _, coinStr := range coinStrs {
-			coin, err := types.ParseCoin(coinStr)
+			coin, err := types.ParseCoinNormalized(coinStr)
 			if err != nil {
 				b.Fatal(err)
 			}
diff --git a/types/coin.go b/types/coin.go
index da2e3c398a..b86cff5186 100644
--- a/types/coin.go
+++ b/types/coin.go
@@ -599,11 +599,9 @@ var (
 	// Denominations can be 3 ~ 128 characters long and support letters, followed by either
 	// a letter, a number or a separator ('/').
 	reDnmString = `[a-zA-Z][a-zA-Z0-9/]{2,127}`
-	reAmt       = `[[:digit:]]+`
 	reDecAmt    = `[[:digit:]]+(?:\.[[:digit:]]+)?|\.[[:digit:]]+`
 	reSpc       = `[[:space:]]*`
 	reDnm       *regexp.Regexp
-	reCoin      *regexp.Regexp
 	reDecCoin   *regexp.Regexp
 )
 
@@ -625,7 +623,6 @@ func SetCoinDenomRegex(reFn func() string) {
 	coinDenomRegex = reFn
 
 	reDnm = regexp.MustCompile(fmt.Sprintf(`^%s$`, coinDenomRegex()))
-	reCoin = regexp.MustCompile(fmt.Sprintf(`^(%s)%s(%s)$`, reAmt, reSpc, coinDenomRegex()))
 	reDecCoin = regexp.MustCompile(fmt.Sprintf(`^(%s)%s(%s)$`, reDecAmt, reSpc, coinDenomRegex()))
 }
 
@@ -643,29 +640,17 @@ func mustValidateDenom(denom string) {
 	}
 }
 
-// ParseCoin parses a cli input for one coin type, returning errors if invalid or on an empty string
+// ParseCoinNormalized parses and normalize a cli input for one coin type, returning errors if invalid or on an empty string
 // as well.
 // Expected format: "{amount}{denomination}"
-func ParseCoin(coinStr string) (coin Coin, err error) {
-	coinStr = strings.TrimSpace(coinStr)
-
-	matches := reCoin.FindStringSubmatch(coinStr)
-	if matches == nil {
-		return Coin{}, fmt.Errorf("invalid coin expression: %s", coinStr)
-	}
-
-	denomStr, amountStr := matches[2], matches[1]
-
-	amount, ok := NewIntFromString(amountStr)
-	if !ok {
-		return Coin{}, fmt.Errorf("failed to parse coin amount: %s", amountStr)
-	}
-
-	if err := ValidateDenom(denomStr); err != nil {
+func ParseCoinNormalized(coinStr string) (coin Coin, err error) {
+	decCoin, err := ParseDecCoin(coinStr)
+	if err != nil {
 		return Coin{}, err
 	}
 
-	return NewCoin(denomStr, amount), nil
+	coin, _ = NormalizeDecCoin(decCoin).TruncateDecimal()
+	return coin, nil
 }
 
 // ParseCoinsNormalized will parse out a list of coins separated by commas, and normalize them by converting to smallest
diff --git a/x/ibc/applications/transfer/client/cli/tx.go b/x/ibc/applications/transfer/client/cli/tx.go
index 1c4fa4e613..507840a582 100644
--- a/x/ibc/applications/transfer/client/cli/tx.go
+++ b/x/ibc/applications/transfer/client/cli/tx.go
@@ -46,7 +46,7 @@ to the counterparty channel. Any timeout set to 0 is disabled.`),
 			srcChannel := args[1]
 			receiver := args[2]
 
-			coin, err := sdk.ParseCoin(args[3])
+			coin, err := sdk.ParseCoinNormalized(args[3])
 			if err != nil {
 				return err
 			}
diff --git a/x/staking/client/cli/cli_test.go b/x/staking/client/cli/cli_test.go
index 12b4084a4e..40c051bf25 100644
--- a/x/staking/client/cli/cli_test.go
+++ b/x/staking/client/cli/cli_test.go
@@ -51,7 +51,7 @@ func (s *IntegrationTestSuite) SetupSuite() {
 	_, err := s.network.WaitForHeight(1)
 	s.Require().NoError(err)
 
-	unbond, err := sdk.ParseCoin("10stake")
+	unbond, err := sdk.ParseCoinNormalized("10stake")
 	s.Require().NoError(err)
 
 	val := s.network.Validators[0]
diff --git a/x/staking/client/cli/tx.go b/x/staking/client/cli/tx.go
index 45bc2f8abc..72938ce0a0 100644
--- a/x/staking/client/cli/tx.go
+++ b/x/staking/client/cli/tx.go
@@ -172,7 +172,7 @@ $ %s tx staking delegate %s1l2rsakp388kuv9k8qzq6lrm9taddae7fpx59wm 1000stake --f
 				return err
 			}
 
-			amount, err := sdk.ParseCoin(args[1])
+			amount, err := sdk.ParseCoinNormalized(args[1])
 			if err != nil {
 				return err
 			}
@@ -231,7 +231,7 @@ $ %s tx staking redelegate %s1gghjut3ccd8ay0zduzj64hwre2fxs9ldmqhffj %s1l2rsakp3
 				return err
 			}
 
-			amount, err := sdk.ParseCoin(args[2])
+			amount, err := sdk.ParseCoinNormalized(args[2])
 			if err != nil {
 				return err
 			}
@@ -279,7 +279,7 @@ $ %s tx staking unbond %s1gghjut3ccd8ay0zduzj64hwre2fxs9ldmqhffj 100stake --from
 				return err
 			}
 
-			amount, err := sdk.ParseCoin(args[1])
+			amount, err := sdk.ParseCoinNormalized(args[1])
 			if err != nil {
 				return err
 			}
@@ -300,7 +300,7 @@ $ %s tx staking unbond %s1gghjut3ccd8ay0zduzj64hwre2fxs9ldmqhffj 100stake --from
 
 func NewBuildCreateValidatorMsg(clientCtx client.Context, txf tx.Factory, fs *flag.FlagSet) (tx.Factory, sdk.Msg, error) {
 	fAmount, _ := fs.GetString(FlagAmount)
-	amount, err := sdk.ParseCoin(fAmount)
+	amount, err := sdk.ParseCoinNormalized(fAmount)
 	if err != nil {
 		return txf, nil, err
 	}
@@ -514,7 +514,7 @@ func PrepareConfigForTxCreateValidator(flagSet *flag.FlagSet, moniker, nodeID, c
 // BuildCreateValidatorMsg makes a new MsgCreateValidator.
 func BuildCreateValidatorMsg(clientCtx client.Context, config TxCreateValidatorConfig, txBldr tx.Factory, generateOnly bool) (tx.Factory, sdk.Msg, error) {
 	amounstStr := config.Amount
-	amount, err := sdk.ParseCoin(amounstStr)
+	amount, err := sdk.ParseCoinNormalized(amounstStr)
 
 	if err != nil {
 		return txBldr, nil, err
diff --git a/x/staking/client/rest/grpc_query_test.go b/x/staking/client/rest/grpc_query_test.go
index 3aa4afdcfe..696a55ff9b 100644
--- a/x/staking/client/rest/grpc_query_test.go
+++ b/x/staking/client/rest/grpc_query_test.go
@@ -39,7 +39,7 @@ func (s *IntegrationTestSuite) SetupSuite() {
 	_, err := s.network.WaitForHeight(1)
 	s.Require().NoError(err)
 
-	unbond, err := sdk.ParseCoin("10stake")
+	unbond, err := sdk.ParseCoinNormalized("10stake")
 	s.Require().NoError(err)
 
 	val := s.network.Validators[0]