UK FCA Launches Stablecoin Regulatory Sandbox: Revolut and Others to Pilot Stablecoin Payments and Settlements

According to an official announcement from the UK Financial Conduct Authority (FCA), the FCA has selected four companies to enter its regulatory sandbox to test innovative stablecoin services in a real-world environment with safeguards. The four selected companies are Monee Financial Technologies, ReStabilise, Revolut, and VVTX, which were chosen from 20 applicants. Testing will begin in the first quarter of 2026, focusing on application scenarios such as stablecoin issuance, payments, wholesale settlement, and crypto trading. Matthew Long, the FCA's Director of Payments and Digital Assets, stated that this initiative aims to ensure the credibility of stablecoins in payments and settlements, and the test results will directly influence the final UK stablecoin regulatory rules to be introduced later in 2026.