UK's FCA selects 4 firms for stablecoin regulatory sandbox

The UK's Financial Conduct Authority (FCA) has selected four firms—Revolut, Monee, ReStabilise, and VVTX—to issue stablecoins as part of a regulatory sandbox. The pilot project, which begins in the first quarter of this year, is designed to help shape the country's final stablecoin regulations ahead of a broader crypto regulatory framework set to take effect in October 2027.