The Financial Conduct Authority (FCA) has launched a regulatory sandbox for stablecoins, selecting four companies to participate in shaping the UK's final framework.
The selected firms, including neobank Revolut and Monee Financial Technologies, will test their projects in real-world conditions without facing penalties. The trials will focus on issuance models and operational frameworks, covering various use cases such as payments, wholesale settlement, and crypto trading.
Each company will receive feedback from FCA specialists while contributing to the development of the UK's regulatory approach. The results of the trials are expected to directly influence the structure of the new rules, which are due later this year.