BoE's Bailey warns of looming 'wrestle' with US over stablecoin rules, flags run risk for UK

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The Block Editorial

(07:56 PM UTC)

1 min read

Bank of England Governor Andrew Bailey warned Friday that international regulators face a "coming wrestle" with the U.S. government over stablecoin standards, widening a transatlantic policy rift as Washington pushes dollar-denominated stablecoins as global payments infrastructure.

"If we want stablecoins to be part of the architecture of payments globally ... they're only going to work if we…

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