According to the source, the UK aims to complete its stablecoin regulatory framework by 2026 to keep pace with US crypto policy, signaling a defined policy timeline for payment stablecoins (source: public X post dated Oct 18, 2025). The UK has already granted regulators powers to oversee fiat-backed stablecoins used as a means of payment through the Financial Services and Markets Act 2023, with the Financial Conduct Authority supervising firms and the Bank of England responsible for systemic arrangements (source: HM Treasury, Financial Services and Markets Act 2023; Bank of England discussion paper on the regulatory regime for systemic payment systems using stablecoins, Nov 2023). FCA and Bank of England consultations set out issuer authorization, 1:1 high‑quality liquid reserve expectations, redemption at par in fiat, and custody and operational resilience requirements relevant to UK-facing firms (source: FCA DP23/4 Regulating cryptoassets including stablecoins, 2023; Bank of England systemic stablecoins discussion paper, Nov 2023). For traders, monitoring forthcoming FCA and Bank of England rulemaking is critical because reserve composition, audit and reporting, and redemption timelines will determine how GBP-linked and USD-linked stablecoins such as USDC and USDT can be offered by UK-authorized entities and integrated by local platforms (source: HM Treasury response on the future financial services regulatory regime for cryptoassets, Oct 2023; FCA DP23/4 2023; Bank of England systemic stablecoins discussion paper, Nov 2023).