The UK Financial Conduct Authority (FCA) has chosen four firms, including Revolut, to participate in a controlled sandbox for testing stablecoin products, marking a significant step in the UK’s stablecoin adoption efforts. This initiative aligns with the country’s broader regulatory strategy, which involves the FCA and the Bank of England working together to develop comprehensive regulations for stablecoins, trading platforms, lending, staking, and custody, expected to be implemented later this year. This comes as part of the UK’s methodical approach to stablecoin regulation, contrasting with the United States’ legislative approach through the GENIUS Act.
Revolut selected by UK FCA to test stablecoin sandbox
