The UK House of Lords Financial Services Regulatory Committee has initiated an investigation into stablecoin regulations, focusing on the global market's growth and future trends of pound-denominated stablecoins. The inquiry will assess the potential impact of stablecoins on the UK economy and financial services, alongside evaluating the proposed regulatory framework by the Bank of England and the Financial Conduct Authority (FCA). Committee Chair Baroness Noakes emphasized the need to understand the opportunities and risks associated with stablecoins, inviting experts to submit their opinions and evidence.