Deputy Governor of the Bank of England: Stablecoin deposits may need protection similar to safeguarding bank savings

GateNews
BlockBeats News, January 15 — According to Bloomberg, Bank of England Deputy Governor Dave Ramsden stated that the UK may need to provide protection for stablecoin deposits similar to safeguarding bank savings. Ramsden mentioned on Wednesday that the central bank is considering how to maintain public trust in the currency if systemically important stablecoins fail.
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