Catenaa, Wednesday, March 04, 2026– The United Kingdom’s Financial Conduct Authority has selected four firms, including Revolut, to test fiat-pegged stablecoins in a regulatory sandbox, advancing the country’s push toward digital payment innovation.
The regulator chose Revolut, Monee Financial Technologies, ReStabilise and VVTX from 20 applicants to participate in the controlled trials.
The FCA said the sandbox will allow companies to test stablecoin products in real-world conditions with safeguards, helping regulators evaluate proposed policies before final rules are introduced.
Officials aim to ensure that future regulations are clear and support responsible development of digital payment systems.
The selection follows comments from the Bank of England last month indicating it intends to proceed with stablecoin development.
Bank officials have said fiat-backed digital tokens could modernize retail and wholesale payments by enabling faster and more efficient transactions.
The FCA and the Bank of England are coordinating on a broader regulatory framework covering stablecoins, trading venues, lending, staking and custody. The full set of rules is expected later this year as part of the government’s wider payments strategy.
