<ul data-eligibleForWebStory="false"><li>Bank of England Governor Andrew Bailey warns against private stablecoins as divide grows.</li><li>Bailey raises concern about stablecoins destabilizing the financial system and draining money from banks.</li><li>Trump administration sees stablecoins as tools to maintain dollar dominance, in contrast with Bailey's warnings.</li><li>Europe fears American stablecoin dominance and is implementing regulations to counter digital dollarization.</li><li>Stablecoin market's rapid growth and geopolitical implications highlight the complexity of digital asset regulations.</li></ul>

Bank of England Chief Warns Against Private Stablecoins as Global Divide Grows

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