Revolut and three other firms have joined the UK Financial Conduct Authority’s stablecoin sandbox, which tests stablecoin use cases such as trading and payments under real-world conditions. The FCA aims to support trustworthy stablecoin issuers to enhance payments and settlements while aligning with the government's National Payments Vision. Despite the current small size of sterling-backed stablecoins compared to US dollar ones, the UK government and Bank of England are actively advancing regulatory frameworks to safely foster growth in this sector.