# Systemic stablecoin regulation — UK authorities joint approach

Stablecoin policy (30 June 2026): UK authorities set out joint Bank of England and FCA oversight for payment-focused stablecoins that could pose systemic risk. Holders should still treat stablecoins as risky — not FSCS-protected bank deposits. See our stablecoin guides and the gov.uk joint statement.

## What changed

UK authorities set out how they will work together to supervise stablecoin issuers that could pose systemic risk. This is separate from everyday consumer crypto exchange rules but affects payment stablecoins.

## What consumers should know

Stablecoins are not FSCS-protected bank money. Even regulated issuers can fail or de-peg. Read our stablecoin risk guide before holding large balances.

## Sources

- [Primary source](https://www.gov.uk/government/publications/joint-approach-to-the-regulation-of-systemic-stablecoin-issuers)

---

— Digital Assets UK (https://digital-assets.co.uk/news/systemic-stablecoin-regulation-uk/), reviewed 2026-06-30. Source: https://www.gov.uk/government/publications/joint-approach-to-the-regulation-of-systemic-stablecoin-issuers