Revolut among four firms chosen to test stablecoins in UK sandbox

The UK Financial Conduct Authority named Monee, ReStabilise, Revolut and VVTX to test stablecoin issuance and payments in its regulatory sandbox beginning in Q1 2026.

The United Kingdom’s Financial Conduct Authority (FCA) has selected four companies to join a dedicated stablecoin cohort within its long‑running Regulatory Sandbox.

In a Wednesday press release, the FCA said it chose Monee Financial Technologies, ReStabilise, Revolut and VVTX from a pool of 20 applicants to test how their stablecoin services perform under the UK’s proposed rules in a “safe environment.”

The UK regulator said that its testing would focus primarily on stablecoin issuance and that the four companies would pilot a range of use cases, including payments, wholesale settlement and crypto trading, with findings intended to inform the UK’s final stablecoin rules.

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