The UK's Financial Conduct Authority has listed pound stablecoin payments as a priority for the new year

According to DL News, the UK's Financial Conduct Authority (FCA) has announced that pound-pegged stablecoins will be a focus of its work in the coming year. This initiative is part of the UK's diversified strategy to promote economic growth, which also includes digital financial services, enhancing international trade competitiveness, and expanding lending services to small businesses.

FCA CEO Nikhil Rathi stated in a letter to UK Prime Minister Keir Starmer that the agency plans to finalize digital asset regulations by 2026 and advance the issuance of pound stablecoins in the UK. Currently, there are less than $6 million in pound-pegged stablecoins in the market, while the total stablecoin market size has reached $308 billion.