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GBPR · STABLECOIN
AnnouncedSandboxAppliedAuthorised
In the FCA stablecoin sandbox since February 2026; launch planned for 2027.
ISSUERS · UPDATED 7 OCT 2026
Who issues GBP stablecoins
4issuers with a GBP stablecoin live today
1FCA-registered issuer; none yet authorised under the 2027 regime
1announced, in the sandbox or applying
A listing here is not an endorsement. We check every issuer against the FCA Register and its own published reserves, and we earn nothing from any of them.How we verify issuers →
Announced · not live yet
Who’s coming next
Issuers that have announced a sterling coin or tokenised deposit, with the stage each has reached and the source for it. Each gets a profile the week it’s announced.
How we verify an issuer
Five checks, the same for every issuer. Nobody pays to be listed.
Regulator's register checked0 of 4
Reserve attestation published0 of 4
Contracts confirmed by the issuer0 of 4
Redemption terms published0 of 4
Onchain supply reconciles0 of 4
Before you hold
Who actually owes me £1?
The issuer does, and only if you can redeem with it. Most people can't redeem directly; they sell on an exchange instead.
What backs the coin?
Cash and short-dated government debt, held apart from the issuer's own money. Check the latest attestation date on each profile.
What if the issuer fails?
Holders aren't covered by the FSCS. Under the 2027 regime, backing assets must be held on trust for holders, so recovery should be faster.
Is an EU-regulated coin safe for UK users?
It's supervised, but not by the FCA, and you have no access to the Financial Ombudsman if something goes wrong.