According to Foresight News, the Bank of England is set to unveil its stablecoin regulatory framework, which aims to enhance cross-border financial transactions and reduce associated costs. Deputy Governor Sarah Breeden highlighted the potential for stablecoins to accelerate international fund flows and contribute to a diverse currency landscape. Breeden noted that the regulatory plans are influenced by a landmark bill from the Trump administration, which seeks to normalize stablecoins. Speaking at a conference in London, she emphasized that stablecoins, traditionally confined to the cryptocurrency market, are beginning to enter mainstream financial systems
source: https://www.binance.com/en/square/post/29185346049474?utm_source=BinanceNewsRSS