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Stablecoin inquiry launched by House of Lords
29 January 2026 UK
Image: grafxart/stock.adobe.com
The House of Lords Financial Services Regulation Committee has sought out submissions to its new inquiry into the impacts of both the growth and proposed regulation of stablecoins within the UK.
The committee intends to gather evidence about stablecoins and their broader economic impact, posing several questions to those operating within the UK financial services sector.
The inquiry is attempting to understand the development of the stablecoin markets in the UK, EU, and US, along with the potential growth of the sterling-denominated stablecoin market.
It also enquires about the opportunities and risks associated with the growth of stablecoins to the UK economy, its impact on the Bank of England (BoE), Prudential Regulation Authority (PRA), and UK Financial Conduct Authority (FCA) statutory objectives, financial crime considerations, and the implications for the BoE and FCA proposed regulatory regimes.
The committee also aims to understand how the UK could potentially benefit from adopting aspects of US and EU regulation.
The Sheila Baroness Noakes DBE, chairman of the Financial Services Regulation Committee, intends for the inquiry to “assess the opportunities and risks that the growth of stablecoins may present for the UK financial services sector and the broader economy”.
The committee intends to gather evidence about stablecoins and their broader economic impact, posing several questions to those operating within the UK financial services sector.
The inquiry is attempting to understand the development of the stablecoin markets in the UK, EU, and US, along with the potential growth of the sterling-denominated stablecoin market.
It also enquires about the opportunities and risks associated with the growth of stablecoins to the UK economy, its impact on the Bank of England (BoE), Prudential Regulation Authority (PRA), and UK Financial Conduct Authority (FCA) statutory objectives, financial crime considerations, and the implications for the BoE and FCA proposed regulatory regimes.
The committee also aims to understand how the UK could potentially benefit from adopting aspects of US and EU regulation.
The Sheila Baroness Noakes DBE, chairman of the Financial Services Regulation Committee, intends for the inquiry to “assess the opportunities and risks that the growth of stablecoins may present for the UK financial services sector and the broader economy”.
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