UK FCA Greenlights Stablecoin Testing! $ETH L2s Ready for UK Institutional Money.
The UK's Financial Conduct Authority (FCA) has officially launched a "Stablecoin Cohort" in its Regulatory Sandbox, inviting firms to test GBP-backed stablecoins under the new regime. This regulatory clarity is a massive fundamental boost for the ETH ecosystem, as compliant stablecoins will settle on networks like ETH and its Layer 2 solutions.
My Plan: The money will follow the regulation. This makes the underlying technology that powers institutional stablecoins, particularly ETH, an undeniable long-term holding. I am diversifying my ETH long position with a small accumulation into $MATIC (Polygon), as it is a leading ecosystem for enterprise adoption and scaling.
ETH
2,829.86
-0.33%