Bank of England Governor Andrew Bailey cautions banks about stablecoins, emphasizing risks to financial stability and banking system liquidity.
Blockchain News

Stablecoins Under Scrutiny: Bank of England Chief Issues Dire Warning to Major Banks

The world of digital finance is rapidly evolving, bringing with it both immense promise and significant challenges. At the heart of this dynamic shift are stablecoins, digital assets designed to maintain a stable value relative to a traditional currency or commodity. While their potential for efficient payments and global reach is undeniable, central bankers globally […]