Wire · founder news, decoded · opportunities
Stablecoins: FCA publishes policy statement with final rules for non-systemic UK-issued ...
The FCA has finalised rules for non-systemic UK-issued stablecoins, covering issuance, backing assets, redemption, and safeguarding. Key changes include simplified backing asset composition requirements, daily reconciliation mandates, allowance for limited intragroup custodians, and a 5% excess tolerance in backing pools to reduce operational friction.
This Wire brief sits within Fusion42's coverage of Fintech. Wire is Fusion42's founder-focused intelligence feed: each story is connected to the funds and startups it names — every one with a live profile on Raise or Scout — so founders can follow the capital and the momentum behind the headline rather than just the headline itself. Wire analysis is one of the live surfaces Arthur, Fusion42's AI co-founder, reasons over.
The Wire takeaway
If you're building a UK stablecoin, the FCA just lowered the operational cost of staying compliant: you can now hold up to 5% excess in backing pools without constant rebalancing, use internal custodians instead of always needing external ones, and skip the reconciliation forecast guessing game. That runway buys you time to scale before the systemic regime kicks in.
Read the full story at jdsupra.com →
Topics: Fintech · stablecoins · fca-regulation · backing-assets · uk-crypto · compliance