Pre-LaunchNo data processed by Pharos yetAnnounced

Pharos can still tell you how this asset is supposed to work, when it expects to launch, and what sources to watch. Live market, peg, liquidity, and safety surfaces activate only after the first post-launch data sync.

Selected as one of four firms for FCA Regulatory Sandbox stablecoin cohort (Feb 25); testing began Q1 2026; full UK banking licence granted Mar 11, but GBP stablecoin would be issued from Revolut Ltd (e-money entity), not Revolut Bank UK, per BoE proposed rule on subsidiary issuance; Head of UK Policy Rory Tanner outlined proposition to House of Lords (Mar 25), flagging UK→India remittance corridor as priority use case; ticker not publicly confirmed; Bank of England's proposed ban on 'branded' stablecoins and 40% unremunerated-reserve requirement remain open commercial risks; UK full authorisation regime not active until October 2027

Revolut GBP Stablecoin

RGBP

At a Glance

Backing: Real-World Asset Backed
Governance: Centralized (CeFi)
Peg Currency: British Pound
Jurisdiction: United Kingdom (FCA)

Launch Timeline

Feb 2026Expected: 2027

Today

Launch Alert

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Activity Timeline

Mar 25, 2026Milestone

Revolut UK Head of Policy testifies to House of Lords on GBP stablecoin strategy

Rory Tanner tells peers the UK is 'already behind' the US and EU; outlines UK→India remittance corridor (seventh-largest globally) as priority B2B use case; flags Bank of England's proposed 'branded stablecoin' ban as a commercial blocker.

Source

Mar 11, 2026Regulatory

Revolut granted full UK banking licence by PRA

PRA and FCA lift mobilisation restrictions after a 20-month phase; banking services move to Revolut Bank UK Ltd, but any GBP stablecoin would be issued from Revolut Ltd (the e-money entity) per BoE's proposed rule prohibiting the same group from issuing stablecoins across affiliated subsidiaries.

Source

Feb 25, 2026Regulatory

FCA selects Revolut for UK Regulatory Sandbox stablecoin cohort

Revolut chosen alongside Monee Financial Technologies, ReStabilise, and VVTX from a pool of 20 applicants to test stablecoin issuance under proposed UK rules; testing began Q1 2026.

Source

13 Million Users, One Brand Ban Away

Revolut got its full UK banking licence on March 11 after a 20-month mobilisation — and promptly confirmed its proposed GBP stablecoin would NOT be issued from the new banking entity. Bank of England rules prohibit a UK bank and its affiliated group from issuing stablecoins across different subsidiaries, so issuance falls back to Revolut Ltd, the e-money entity. That structural wrinkle is the smaller of Revolut's UK regulatory headaches. At the House of Lords on March 25, Head of UK Policy Rory Tanner told peers the UK is 'already behind' the US and EU — and flagged the BoE's proposed ban on 'branded' stablecoins as a commercial blocker (the issuer couldn't put its own name on the token). Priority use case per Tanner: the UK→India remittance corridor, the seventh-largest in the world, not retail payments. The FCA sandbox cohort Revolut joined on Feb 25 is testing phase only; the full UK authorisation regime doesn't activate until October 2027, and the BoE's proposed 40% unremunerated-reserve requirement plus £20,000 individual-holder cap describe a commercial model that UK legal analysts call structurally unviable. Revolut's real asset isn't the token — it's 13 million UK users who already open the app daily. Whether that distribution survives the BoE rulebook is the actual question.

Updated 2026-04-19

Discover

Revolut among firms picked by UK FCA to test stablecoin sandbox

FCA selects Revolut, Monee, ReStabilise and VVTX from 20 applicants for a regulatory sandbox cohort testing GBP-denominated stablecoin products.

The Block

Revolut UK Legal Head calls for GBP stablecoin

Rory Tanner tells House of Lords the UK is 'already behind' the US and EU on GBP stablecoins; highlights UK→India remittance corridor (seventh-largest globally) as priority B2B use case.

Payment Expert