According to DLNews, the UK's Financial Conduct Authority (FCA) has announced that sterling-linked stablecoins will be a priority for the new year. The move is part of the UK's diversification strategy to boost economic growth, which also includes digitizing financial services, enhancing international trade competitiveness, and expanding lending services to small businesses.
In a letter to UK Prime Minister Keir Starmer, FCA CEO Nikhil Rathi said the agency plans to finalise digital asset rules and move forward with UK-issued sterling stablecoins in 2026. Currently, sterling-pegged stablecoins are less than $6 million in the market, while the entire stablecoin market has reached $308 billion.
The UK Financial Conduct Authority has made sterling stablecoin payments a priority for the new year
2025-12-11 05:40:42
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