Stablecoins

Digital dollars, euros and pounds: who issues them, what backs them, and how the rules are changing.

• 2 November 2026The UK will tax stablecoins like cash from April 2027From April 2027, UK individuals won't pay Capital Gains Tax when they spend or sell eligible stablecoins, under a measure HMRC confirmed in an updated policy paper on 28 October. Interest from lending them will be taxed as savings income, and companies will follow their accounts under Corporation Tax.