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The UK House of Lords Financial Services Regulation Committee warned that the country is trailing the U.S. and the EU on stablecoin regulation, calling on the Bank of England to reconsider holding limits, unremunerated backing asset requirements, and commercial bank restrictions.The Lords committee also urged the FCA to review its k-factor capital requirement, which scales with stablecoin issuance volume rather than risk — a design the committee said could choke GBP stablecoin growth.

Coinbase has added support for tGBP, a fiat‑backed British pound stablecoin, across Coinbase App and Coinbase Exchange.tGBP is issued by BCP Technologies, an FCA‑registered firm that tested the asset in the UK regulator’s sandbox.The move is part of Coinbase’s strategy to expand local‑currency stablecoins as it builds out its international footprint.