Bank of England Governor: Any stablecoin widely used in the UK in the future should be able to access central bank accounts
ChainCatcher news, according to Golden Ten Data, Bank of England Governor Andrew Bailey stated that any stablecoin that is widely used in the UK in the future should be able to access the Bank of England's accounts in order to consolidate its monetary status.
Bailey also pointed out that stablecoins may help promote the transformation of the financial system from a commercial lending model.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
After selling 500 billion PEPE, a PEPE whale deposited 5.53 million USDC into HyperLiquid and opened a long position.
Grayscale: Zcash Trust has opened private placements to qualified investors
Trending news
MoreCrypto prices
More
