BoE Governor Expects a Wrestle With US Over Stablecoin Rules
Andrew Bailey expects a struggle with the US over global stablecoin standards. He warned that some models could pose risks to financial stability in a crisis.
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Bank of England Governor Andrew Bailey warned of a regulatory "wrestle" with the United States over stablecoin standards on May 8. The clash centers on whether these digital assets meet international safety requirements for global payment systems. Divergent rules between major economies could complicate cross-border payments.
