FCA opens applications for stablecoin sprint

Share This Post

The UK’s Financial Conduct Authority is inviting fintechs, banks and other stakeholders to apply for a “stablecoin sprint” to help shape policy and set standards for the future of payments.

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

The two-day event in London in March will explore how stablecoins can be used for retail payments, cross-border payments, ecommerce and business to business transactions.

Fintechs, banks, payment service providers, tech companies, stablecoin issuers, law firms, and consumer and merchant groups are al invited to apply by 4 February.

In May, the watchdog will also hold a roundtable focused on trade payments in stablecoins.

With stablecoins gathering momentum around the globe, the FCA has consulted on issuing qualifying stablecoins as it gears up to publish its final crypto rules this year.

The regulator also recently launched a stablecoin-specific cohort of its regulatory sandbox to support issuers in testing UK-issued coins.

Related Posts

Ethereum Whale Opens $100M Short, Unfazed by Buterin’s Vow to ‘Sell Less ETH’

A crypto whale opened a leveraged Ether (ETH) short...

Bitcoin Risks 7% Dip to $72K as BTC Demand Weakens and Bears Return

Bitcoin (BTC) has fallen 6.5% from its recent high...

PCE, jobless claims and housing data test Fed cut hopes: Crypto Week Ahead

The coming week appears to be macro-led, with U.S....

Prometheum says tokenized securities need Wall Street distribution to scale

Prometheum is betting that the next phase of tokenized...

HYPE funds attract millions as investors dump bitcoin and ether ETFs

Crypto fund flows are starting to fracture, with investors...