What if stablecoin reserves got the same official protection as your bank savings? That's the direction UK regulators are now exploring. Dave Ramsden, a senior figure at the Bank of England, recently suggested that stablecoin deposits might need to be backed by deposit guarantees—similar to how traditional banks operate under the Financial Services Compensation Scheme. The idea signals a major shift in how authorities view stablecoins: less as speculative crypto assets, more as quasi-banking instruments that could reshape how people hold and transfer money. If implemented, this approach could legitimize stablecoins as safer alternatives to holding fiat directly on platforms, while also tightening regulatory oversight. It's a sign that major economies aren't dismissing stablecoins—they're figuring out how to integrate them into existing financial safeguards.