In April 2026, United Kingdom policymakers signaled plans to update payment regulations so stablecoins and tokenized deposits can operate under a single rulebook.

Tokens pegged to stable value, usually the US dollar, spanning issuers and reserves, depegs, and adoption by banks and payment networks.

Laws and rules for fiat-pegged tokens, from the US GENIUS Act to Europe's MiCA, covering reserves, licensing and yield restrictions.