UK Selects Firms for Stablecoin Regulatory Sandbox, Including Revolut
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by Sander LutzFebruary 25, 2026
AI-Generated Deep Dive Summary
The UK's Financial Conduct Authority (FCA) has selected four crypto firms, including Revolut, to participate in a regulatory sandbox aimed at shaping future stablecoin rules. This program allows the companies to test stablecoin-related products in real-world conditions without facing regulatory penalties. The initiative is part of the UK’s effort to develop its own framework for stablecoins, which will be finalized later this year. The selected firms—Revolut, Monee Financial Technologies, ReStabilise, and VVTX—represent a range of use cases, including payments, wholesale settlement, and crypto trading. Their participation will provide valuable insights that directly inform the UK’s regulatory approach.
The sandbox program is particularly significant as it offers a risk-free environment for innovation in the stablecoin sector. Revolut, a prominent neobank, is notable among the selected firms due to its potential plans to launch its own stablecoin. While no official announcement has been made yet, industry watchers predict a 34% chance of Revolut unveiling such a token before July. The FCA’s focus on stablecoin issuance in this sandbox highlights the importance of these digital assets in modern financial systems.
The UK is also keeping pace with global regulatory developments, particularly those in the United States. Last summer, the U.S. passed the GENIUS Act, establishing its own framework for stablecoins. In response, UK banking leaders have emphasized the need to avoid falling behind American efforts in crypto regulation. This sentiment has led to the creation of a joint crypto regulatory task force between the US and UK, which aims to strengthen ties between their financial markets.
The collaboration, known as the Transatlantic Taskforce for Markets of the Future, seeks to reduce barriers between the two nations’ crypto sectors and enhance cross-border cooperation. A report on its findings is expected this summer, further underscoring the global push for clearer crypto regulations. For readers interested in crypto, this development underscores the growing importance of stablecoins in shaping the future of payments, financial markets, and regulatory frameworks.
By participating in such initiatives, companies like Revolut can play a pivotal role in defining how stablecoins are integrated into traditional financial systems. This not only benefits individual firms but also contributes to the broader evolution of digital finance. As the UK continues to lead in this space, it sets an example for other countries looking to balance innovation with regulatory oversight.
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Originally published on Decrypt on 2/25/2026