BoE Governor Warns Stablecoin Boom Could Undermine Monetary Trust – Central Banks on Alert

BoE Governor Andrew Bailey has argued that modern reserve currencies rely on central-bank liquidity and secure assets, not fixed pegs, and has cautioned that stablecoins circulating outside regulation could undermine the "singleness of money," challenging monetary trust and policy coordination. source: https://cryptonews.com/news/boe-governor-warns-stablecoin-boom-may-hurt-monetary-trust/