Revolut Tests Pound Stablecoin

Revolut is set to begin testing a pound-denominated stablecoin as part of a regulatory trial overseen by the UK’s Financial Conduct Authority.

The initiative will take place within the regulator’s sandbox framework, which allows financial firms to experiment with new products under controlled conditions. The pilot will involve a limited group of participants and focus on potential applications such as payments and settlement processes.

Stablecoins are digital tokens designed to maintain a fixed value by being linked to traditional currencies. Interest in such instruments has grown globally, although major UK financial institutions have taken a cautious stance.

Regulators have indicated that trials like this are intended to explore how emerging technologies might enhance efficiency in financial services while maintaining safeguards.

Revolut plans to begin work on the project in the coming months, reflecting continued efforts to expand digital asset capabilities within established oversight structures.