On 29 January 2026, the House of Lords Financial Services Regulation Committee (Committee) launched a Call for Evidence for its inquiry on the growth and proposed regulation of stablecoins in the UK.

The Committee have launched this inquiry to assess the opportunities and risks that the growth of stablecoins may present for the UK financial services sector and the wider economy, and whether the Bank of England and FCA’s proposed regulatory frameworks provide measured and proportionate responses to these developments. The Committee is seeking evidence in relation to six questions, including in relation to how the global market has developed, how the UK market is expected to develop, what are the opportunities and risks posed by the use of stablecoins, how will the growth of stablecoins impact regulators’ objectives, what implications does a proposed regulatory regime pose, and what can the UK learn from other jurisdictions in relation to regulation of stablecoins.

Next steps

The Committee welcome submissions from anyone with answers to the questions in the call for evidence until Wednesday 11 March 2026.