Industry Calls for a UK Stablecoin Strategy

A letter signed by a broad coalition of leading institutions and industry participants across the digital asset ecosystem has been submitted to the Chancellor, setting out the case for reframing the UK’s approach to stablecoins.

Building on the Chancellor’s recent Mansion House and Leeds Reform speeches, and her stated commitment to advancing blockchain, tokenised securities, and stablecoins, the letter, “Seizing the Stablecoin Advantage: A National Strategy for the UK”, outlines the opportunity for the UK to:

• Position stablecoins as core digital financial infrastructure
• Capture economic, strategic, and technological benefits from this rapidly advancing market
• Strengthen the UK’s global competitiveness in financial services
• Support the Government’s overarching objective of economic growth

This initiative represents a timely and constructive step to ensure the UK remains at the forefront of innovation while safeguarding financial stability and consumer confidence. Furthermore, this is a pivotal moment to align innovation with policy and to help guarantee that the UK captures the full benefits of the next wave of financial technology.