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via Decrypt · By Decrypt Editorial
Bank of England Chief Flags ‘Coming Wrestle' With US on Stablecoin Oversight
DE
Decrypt Editorial(02:49 PM UTC)
1 min read
In brief
- Bank of England Governor Andrew Bailey warned that U.S. dollar tokens could flood Britain in a crisis.
- The GENIUS Act lets issuers redeem through exchanges, while the UK regime requires direct 1:1 redemption.
- The divide will be settled by markets and national rules, not global coordination, Decrypt was told.
Bank of England Governor Andrew Bailey has warned of a "coming wrestle" with…
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