PANews reported on February 25th that, according to an official announcement from the UK Financial Conduct Authority (FCA), the FCA has selected four companies to enter its regulatory sandbox to test innovative stablecoin services in a real-world environment with robust security measures. The four selected companies are Monee Financial Technologies, ReStabilise, Revolut, and VVTX, which stood out from 20 applications. Testing will begin in the first quarter of 2026, focusing on application scenarios such as stablecoin issuance, payments, wholesale settlement, and crypto trading.

Matthew Long, FCA’s Director of Payments and Digital Assets, said the move aims to ensure the credibility of stablecoins in payments and settlements, and the test results will directly impact the UK’s final regulatory rules for stablecoins, which are set to be released later in 2026.