UK FCA selects Monee, ReStabilise, Revolut, and VVTX to test stablecoins in sandbox starting Q1 2026 ahead of 2027 crypto rules.
The UK Financial Conduct Authority (FCA) has selected four firms to test stablecoin issuance in its Regulatory Sandbox ahead of new crypto rules in 2027.
The regulator named Monee, ReStabilise, Revolut, and VVTX as participants in trials set to begin in the first quarter of 2026.
FCA Selects Four Firms for Stablecoin Sandbox
The FCA confirmed that Monee, ReStabilise, Revolut, and VVTX will join the Regulatory Sandbox to test stablecoin issuance.
The trials will start in Q1 2026. The regulator said the program will assess how stablecoins operate within controlled conditions.
The UK FCA has selected four firms—Monee, ReStabilise, Revolut, and VVTX—to test stablecoin issuance in its Regulatory Sandbox starting Q1 2026. The trials will help shape final UK stablecoin rules ahead of the broader crypto regime launching in October 2027.…
— Wu Blockchain (@WuBlockchain) February 25, 2026
The Regulatory Sandbox allows firms to test new financial products under supervision.
It provides temporary approvals and defined limits. The FCA uses this framework to gather data and monitor risks.
The stablecoin tests will focus on issuance, backing arrangements, and redemption processes.
The FCA stated that insights from the sandbox will inform final policy decisions.
The regulator is preparing a broader crypto regime scheduled for October 2027. The stablecoin trials form part of that policy roadmap.
Stablecoin Trials to Shape UK Crypto Framework
The FCA said the sandbox will help shape the UK’s future stablecoin rules. It will examine consumer protection, operational resilience, and financial stability controls.
The regulator will also review governance structures and reserve management models. Firms in the sandbox must meet strict reporting standards.
They will provide regular updates and data to the FCA. The regulator will assess how stablecoins maintain their value and manage liquidity during stress events.
The broader UK crypto framework is set to launch in October 2027. The FCA has stated that stablecoins used for payments will fall within regulated activities.
The sandbox findings will guide final requirements before full implementation.
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Timeline and Regulatory Context
The stablecoin sandbox will begin in the first quarter of 2026. The FCA will monitor each firm’s testing phase over a defined period.
It has not yet disclosed the duration of each trial. Further details are expected before the start date.
The UK government has stated that cryptoasset regulation will support innovation and market integrity.
Stablecoins are considered a key part of digital payments policy. The FCA’s sandbox approach allows controlled experimentation before formal rules apply.
Monee, ReStabilise, Revolut, and VVTX will operate under supervisory oversight during the testing phase.
The FCA will review outcomes and publish guidance where necessary. The results will feed into the final stablecoin framework ahead of the 2027 crypto regime launch.
