TechFlow, December 11 — According to DL News, the UK Financial Conduct Authority (FCA) announced that pound-pegged stablecoins will be a key focus in its upcoming year. This initiative is part of the UK's broader strategy to promote economic growth through diversification, including digital financial services, enhancing international trade competitiveness, and expanding lending services for small businesses.
In a letter to UK Prime Minister Keir Starmer, FCA Chief Executive Nikhil Rathi stated the agency plans to "finalize digital asset regulations and advance UK-issued pound-backed stablecoins" by 2026. Currently, pound-pegged stablecoins account for less than $6 million in the market, while the overall stablecoin market has reached $308 billion.
