The UK's Financial Conduct Authority lists pound sterling stablecoin payments as a priority for the coming year.
According to ChainCatcher, citing DL News, the UK Financial Conduct Authority (FCA) has announced that pound sterling-pegged stablecoins will become a key focus of its work for the coming year. This initiative is part of the UK's diversified strategy to promote economic growth, which also includes digitalizing financial services, enhancing international trade competitiveness, and expanding lending services to small businesses.
FCA CEO Nikhil Rathi stated in a letter to UK Prime Minister Keir Starmer that the agency plans to finalize digital asset regulations by 2026 and advance the issuance of pound sterling stablecoins in the UK. Currently, pound-pegged stablecoins account for less than $6 million in the market, while the total stablecoin market size has reached $308 billions.
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