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Evening Standard
Evening Standard
Business
Jonathan Prynn

Stablecoin petition hits 85,000 signatures as peers investigate UK strategy

The House of Lords Financial Services Regulation Committee has been examining the UK Government's approach to stablecoin (Parliament TV/PA) - (PA Media)

A petition calling on the Government to back stablecoins has closed with more than 85,000 signatures.

Although the petition fell short of the 100,000 needed to force a Commons debate the organisers say it helped trigger a House of Lords inquiry that has spent the past two months examining whether Britain’s approach to stablecoin regulation risks falling behind the US and Europe.

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