Update from the FCA below.
Stablecoin innovation - Regulatory sandbox
The stablecoins cohort is part of the FCA's commitment to supporting growth and innovation in UK financial services. 20 applications were received and the FCA has chosen the following firms:
- Monee Financial Technologies
- ReStabilise
- Revolut
- VVTX
The Regulatory Sandbox programme allows firms to trial stablecoin products in real world conditions with appropriate safeguards. It will help the FCA assess its proposed policy in a live environment and ensure future rules are clear, effective and support responsible innovation.
- Todor
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Todor Kostov
Director
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