A "major firm" will test a GBP stablecoin in the FCA sandbox. Credit: FCA. Key Takeaways The U.K. government will consult on changes expanding the market for Treasury bills. Compared to its peers, the U.K. government debt has much longer average maturities. A “major firm” will test a GBP stablecoin in the FCA’s regulatory sandbox. In the United States, stablecoins have already driven a noticeable increase in demand for Treasury bills. Now, as regulators in the U.K. anticipate a wave of GBP-denomi ...