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Bank of England Governor Bailey Cautions Large Banks on Stablecoin Issuance
2 day ago /
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Author：小编
Andrew Bailey, the Governor of the Bank of England, has issued a cautionary note to global large banks against issuing their own stablecoins. This stance might seem at odds with the former US President Donald Trump's administration's support for digital assets. Bailey expressed a preference for banks to introduce digital versions of traditional currencies, commonly known as tokenized deposits, over stablecoins. Stablecoins are designed to maintain a stable value, often pegged to traditional currencies, but Bailey warned that they could potentially siphon funds away from the banking system, thereby undermining lending capabilities.
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