Written Question·Treasury·UIN 98259

Cryptocurrencies

Tabled: 8 December 2025

Answered: 12 December 2025

Question

Callum Anderson

To ask the Chancellor of the Exchequer, what assessment her Department has made of the potential impact of limiting interest-earning reserves on the commercial viability of pound-backed stablecoins.

Answer

Lucy Rigby

The government is committed to making the UK a global hub for digital assets. It recognises the huge potential posed by tokenised asset innovation, and for stablecoins to support innovation in both retail payments and wholesale settlement. That is why the...

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