The UK's Financial Conduct Authority lists GBP stablecoin payments as a priority for the new year

ChainCatcher News reports that the UK Financial Conduct Authority (FCA) has announced that stablecoins pegged to the British pound will become a focus for the upcoming year. This move is part of the UK’s diversification 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 and promote the issuance of British pound stablecoins by 2026. Currently, stablecoins pegged to the pound amount to less than $6 million, while the entire stablecoin market size has reached $308 billion.