Revolut to test stablecoin in UK trial

By Phoebe Seers and Elizabeth Howcroft LONDON, Feb 25 (Reuters) - Britain's Revolut will start testing a crypto token pegged to the British pound, in a trial ‌with three small companies but no big high-street lenders, the Financial Conduct ‌Authority said on Wednesday. The trial will take place as part of the financial regulator's "sandbox" programme, which allows ​firms to trial stablecoin products in controlled conditions, it said. Britain's larger financial firms have generally been more cautious i ...