The UK House of Lords Financial Services Regulatory Committee has initiated an inquiry into the growth of stablecoins in the UK and proposed regulatory measures. The investigation seeks evidence on the development of global and UK stablecoin markets, with a particular focus on pound sterling stablecoins. It will assess the opportunities and risks these digital currencies pose to the UK economy and financial services, including impacts on monetary policy and financial crime. The inquiry will also evaluate the proposed regulatory framework by the Bank of England and the Financial Conduct Authority (FCA). Written evidence is to be submitted by March 11, 2026.