<ul data-eligibleForWebStory="false"><li>Bank of England (BOE) Governor Andrew Bailey warns that the adoption of digital currencies, including stablecoins, could disrupt the economy without proper regulation.</li><li>Bailey highlights the evolving nature of reserve currencies and the need for central banks to examine payment innovations related to stablecoins to maintain financial stability.</li><li>He expresses concerns about stablecoins potentially eroding trust in traditional currencies and the importance of regulating stablecoins to avoid fragmentation in the financial system.</li><li>Authorities are urged to clarify the role of reserve currencies and implement proper regulations to ensure the reliability and legality of stablecoins in the financial system.</li></ul>

BoE Governor Andrew Bailey Warns Adoption of Stablecoins Threatens Central Bank

Discover more