The UK has announced a plan to integrate the regulation of stablecoins and tokenized deposit payments.

During London Fintech Week, the UK Treasury announced a regulatory framework to integrate stablecoins and tokenized deposits into a unified regulatory framework with traditional payment services. The plan proposes to include stablecoins used for payments under an upcoming issuance regime, expand the Financial Conduct Authority's (FCA) oversight of open banking, and explore regulatory adjustments for payment activities executed by AI agents. The plan also proposes new legislation to reduce administrative requirements for businesses offering stablecoin payment services. The Treasury also announced the appointment of Chris Woolard CBE, a partner at EY and former interim CEO of the FCA, as the Wholesale Digital Markets Mobilizer, responsible for advancing the development of tokenized wholesale financial systems, and pledged £1 million (approximately $1.35 million) in funding to the Centre for Financial Innovation and Technology starting in April. City Affairs Secretary Lucy Rigby stated that the plan aims to build a secure, competitive payment ecosystem that can capitalize on technological changes. The UK government recognizes the transformative potential of digital assets and blockchain technology, believing they can reshape how consumers and businesses interact with financial services.