L

Lord Ranger of Northwood (Con)

Speaking in the House of Lords on 16 October 2025

Debate

Stablecoin Ownership

Contribution

I thank the Minister for that response, but I want to press him a little. Stablecoins and their usage are growing across the world. At the beginning of this year, $200 billion-worth had been issued—by September this year, it was $280 billion—pushed by the emergence of the GENIUS Act in the US and MiCA in Europe. These regulatory frameworks have enabled corporates to take advantage of being able to move money with agility and confidence, and real-time liquidity. How are we looking to keep up with the pace of the rest of the world as the use of stablecoins looks to reach $1.9 trillion by 2030, providing a distinct competitive advantage to businesses and industry in other geographies?

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