The UK House of Lords Financial Services Regulation Committee announced today the launch of a new inquiry into the growth of stablecoins and proposed regulatory frameworks in the UK, soliciting written evidence by March 11, 2026. Initiated by Committee Chair Baroness Noakes, the inquiry aims to assess the potential impact of stablecoins on the UK financial services industry and the macroeconomy. Key issues include: the anticipated development of the sterling stablecoin market, a comparison with regulatory frameworks in the US and Europe, and whether the proposed framework by the Bank of England and the Financial Conduct Authority (FCA) balances international competitiveness with consumer protection. The inquiry will also examine whether stablecoins will impact monetary policy implementation and traditional financial intermediaries.