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One platform for global traditional assets
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Hot
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Introduction to Futures Trading
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Quick staking, earn potential new tokens
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Bailey Warns US Clash Over Stablecoin Rules Could Raise UK Run Risk
Bank of England Governor Andrew Bailey warned that a U.S.-led stablecoin regime could clash with international standards and raise run risk for the U.K. in a crisis. Bailey said some dollar stablecoins may not be readily convertible into dollars without routing through a crypto exchange. The warning comes as the U.K. builds its own framework for systemic stablecoins, including a rule that would place at least 40% of reserves at the Bank of England.