FCA Selects 4 Firms to Test Stablecoin Innovation in UK Sandbox
The FCA has chosen Revolut, Monee, ReStabilise, and VVTX to test stablecoin services within its Regulatory Sandbox, aiming to inform UK stablecoin rules.Summary
The UK’s Financial Conduct Authority (FCA) has selected four firms – Monee Financial Technologies, ReStabilise, Revolut, and VVTX – to participate in a dedicated stablecoin cohort within its Regulatory Sandbox. This initiative aims to test the performance of their stablecoin services under proposed UK regulations in a controlled environment. The testing will focus on stablecoin issuance and use cases like payments, wholesale settlement, and crypto trading, with findings intended to shape the final UK stablecoin rules. The FCA aims to ensure stablecoins are trustworthy for payments and benefit consumers. Testing is expected to begin in the first quarter of 2026, and the results will influence regulations finalized later that year. Despite the FCA’s efforts, some industry leaders, like Coinbase CEO Brian Armstrong, have criticized the proposed regulations, particularly caps on stablecoin holdings, arguing they could hinder innovation and competitiveness.
(Source：Cointelegraph)