BoE’s Bailey sees a Potential ‘Wrestle’ With US Over Stablecoins
Bank of England Governor Andrew Bailey said international regulators will have to “wrestle” with the US over global rules for stablecoins, which are largely denominated in and backed by US dollars. “If we want stablecoins to be part of the architecture of payments globally […] they’re only going to work if we have international standards,”...
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