UK Financial Services Regulation Committee Launches Regulatory Investigation into Stablecoins

Odaily News: The UK House of Lords Financial Services Regulation Committee announced today that it has initiated a new investigation into the growth of stablecoins in the UK and the proposed regulatory regime. It is calling for written evidence from all sectors, with a deadline of March 11, 2026.

The investigation, launched by Committee Chair Baroness Noakes, aims to assess the potential impact of stablecoins on the UK's financial services industry and macroeconomy. Key topics include: the expected development of the GBP-denominated stablecoin market, a comparative analysis of regulatory differences with the US and EU, and whether the proposed frameworks by the Bank of England and the Financial Conduct Authority (FCA) balance international competitiveness with consumer protection. The investigation will also examine whether stablecoins could impact monetary policy implementation and traditional financial intermediaries.