On 11 January 2023, UK Finance announced that five industry associations have come together to form a new alliance, The UK Forum for Digital Currencies (UK FDC). The UK FDC will provide a forum for discussion and collaboration around the industry’s response to digital currency developments in the UK. This includes the potential for a Central Bank Digital Currency, as well as the regulatory approach to stablecoins and other variable value cryptoassets.  Members include City of London Corporation, Digital Pound Foundation, The Payments Association, TheCityUK and UK Finance.