Bank of England Updates Stablecoin Guidance

Thursday 25th June 2026

The Bank of England has published its policy statement and draft Code of Practice (rules) for systemic stablecoin issuers. The framework supports safe innovation, enabling UK issued stablecoins to develop as trusted forms of digital money.

The policy statement and draft rules reflect the feedback from the previous consultation. It provides coin issuers with clarity to innovate and scale within a framework that maintains resilience, confidence and trust in money.

Alongside other innovations in money and payments, stablecoins could enable faster, cheaper and more flexible services for users, including cross border use cases, while supporting new programmable functionality.

Sarah Breeden, Deputy Governor for Financial Stability, said: “This is a major milestone in delivering greater choice and innovation in UK payments. Innovation thrives on trust. And today we’ve set out the foundations of that trust for a new form of money - with prompt redemption, strong protections and central bank support. This is truly a world leading regime.”

Subject to feedback by 22 September 2026, the Bank intends to finalise the Code of Practice by the end of 2026.

Further supporting materials will follow alongside continued joint work between The Bank of England and the FCA.