The Bank of England May Elevate Stablecoin Safeguards to Bank Deposit Levels
Golden Finance reports that the UK may need to safeguard stablecoin deposits just like bank savings. Deputy Governor of the Bank of England, Dave Ramsden, stated that regulators are studying how to maintain public confidence in the currency if systemically important stablecoins encounter issues.
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The Bank of England May Elevate Stablecoin Safeguards to Bank Deposit Levels
Golden Finance reports that the UK may need to safeguard stablecoin deposits just like bank savings. Deputy Governor of the Bank of England, Dave Ramsden, stated that regulators are studying how to maintain public confidence in the currency if systemically important stablecoins encounter issues.