Bank of England on a Collision Course With the US: Banks Should Not Issue Stablecoins

Andrew Bailey, Governor of the Bank of England, warned about the dangers of banks issuing stablecoins, stating that they would remove money from the banking system. His stance contrasts with that of the Trump administration, which views stablecoins as a tool to extend dollar hegemony. Bank of England Governor Warns About Banks Issuing Stablecoins Stablecoins

Source: Bitcoin.com