UK House of Lords Launches Inquiry into Stablecoin Regulation

Parliament’s Financial Services Regulation Committee invites written evidence by 11 March 2026 to assess stablecoin growth, risks, and regulatory approaches in the UK.

Rich by Coin

2026-01-29

The House of Lords Financial Services Regulation Committee has launched an inquiry into the growth and proposed regulation of stablecoins in the UK, inviting written evidence submissions by 11 March 2026.
The inquiry will examine how the global stablecoin market has developed since 2014, how the UK market compares to the US and EU, and projected growth of sterling denominated stablecoins.
The committee is seeking evidence on who uses stablecoins and for what purposes.
“We 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,” said The Baroness Noakes DBE, chair of the committee.

The House of Lords Financial Services Regulation Committee has opened an inquiry into the growth and proposed regulation of stablecoins in the UK, inviting written evidence submissions by 11 March 2026.
The review will examine how the global stablecoin market has evolved since 2014, compare the UK market with the US and EU, and assess projected growth of sterling-denominated stablecoins.
The committee is seeking evidence on who uses stablecoins and for what purposes.
“We 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,” said The Baroness Noakes DBE, chair of the committee.

The inquiry aims to determine whether the Bank of England and FCA’s regulatory frameworks are appropriately scaled to developments in stablecoins, balancing innovation with consumer protection and financial stability.
The committee will assess how regulation should evolve to address potential risks while supporting responsible innovation in the UK market.