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UK’s FCA Seeks Industry Input on Stablecoin Regulations to Mitigate Systemic Risks
UK’s FCA Seeks Industry Input on Stablecoin Regulations to Mitigate Systemic Risks
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The Financial Conduct Authority is sharpening its regulatory focus on stablecoins, signaling heightened scrutiny following TerraUSD’s catastrophic collapse. UK regulators aim to establish guardrails that preserve stablecoin valuations while preventing custody failures.
Bank of England collaboration underscores the systemic importance of these dollar-pegged assets. A joint consultation paper will address large-scale stablecoin operations later this year, complementing the FCA’s innovation-focused approach.
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