Post #23886

Bank of England Governor Warns Against Bank-Issued Stablecoins ⚠️ Bank of England Governor Andrew Bailey warned that privately issued stablecoins—from banks or other institutions—pose systemic risks that could undermine financial stability, reduce banks’ lending capacity, and erode public trust in sovereign currencies. He advocated instead for tokenized deposits under existing frameworks, and argued against the UK launching a central bank digital currency (CBDC). Bailey’s comments reflect growing European caution over stablecoins even as the US moves toward regulated adoption. 📱@Money📱Twitter