On 26 November 2025, the Financial Conduct Authority published a new webpage regarding the Regulatory Sandbox and its stablecoins cohort.

The FCA has launched a special cohort within its Regulatory Sandbox for firms issuing stablecoins. This is a unique chance for innovative companies to test their stablecoin products and services under the UK’s evolving regulatory regime. Applications are open from 26 November 2025 and close on 18 January 2026.