The Bank of England publishes policy statement and draft Code of Practice for systemic stablecoin issuers

The Bank of England has published its policy statement and draft Code of Practice (rules) for systemic stablecoin issuers, marking a key milestone in establishing the UK’s stablecoin regime. The framework supports safe innovation, enabling UK issued stablecoins to develop as trusted forms of digital money. Alongside other innovations in money and payments, stablecoins could enable faster, cheaper and more flexible services for users, including crossborder use cases, while supporting new programmable functionality.

This policy statement and draft rules reflect feedback from last year’s consultation. It provides coin issuers with clarity to innovate and scale within a framework that maintains resilience, confidence and trust in money. The Bank and the Financial Conduct Authority (FCA) are working closely to deliver an end-to-end regime, including a managed transition as firms grow from non-systemic to systemic. Further detail will be published alongside the FCA’s final rules shortly. https://www.bankofengland.co.uk/ news/2026/june/boe-launches-policystatement- and-draft-rules-on-regulatingsystemic- stablecoins