---
title: "Revolut GBP Stablecoin (RGBP) Stablecoin Analytics"
canonical: "https://pharos.watch/stablecoin/rgbp-revolut/"
description: "Build-time stablecoin profile for Revolut GBP Stablecoin (RGBP). Live price, supply, peg, liquidity, and flow data are served by the Pharos API."
dateModified: "2026-05-15"
---



# Revolut GBP Stablecoin (RGBP)

**Peg:** British Pound

**Backing:** Real-World Asset Backed

**Governance:** Centralized (CeFi)

**Status:** pre-launch

## Overview

Revolut's pre-launch UK GBP stablecoin is expected to issue from the e-money subsidiary, not the bank, and remains sandbox-only until October 2027 — with proposed BoE rules that legal analysts call structurally unviable.

Revolut got its full UK banking licence on March 11 after a 20-month mobilisation — and then 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, with the bank-style {{term:custody}}custody{{/term}} and {{term:redemption}}redemption{{/term}} stack the issuer plans to bolt on top. Whether that distribution survives the BoE rulebook is the actual question.

## Collateral

Planned GBP-denominated reserve assets for Revolut's FCA Regulatory Sandbox GBP stablecoin proposal

## Peg Mechanism

Pre-launch fiat-reserve stablecoin proposal designed to maintain 1:1 value with Pound Sterling; FCA sandbox testing remains pre-authorisation, with contracts, redemption terms, and reserve reports pending

## Jurisdiction

| Country | Regulator | License |
| --- | --- | --- |
| United Kingdom | FCA | N/A |

## Live Data

This is a pre-launch stablecoin profile. Live API data is not available until launch.