Bank of England Governor Warns on Stablecoin Risks 📣

🇬🇧 Bank of England Governor Andrew Bailey cautions that the rise of stablecoins risks undermining public trust in money.

💸He highlights concerns over stability and regulation, as assets like USDT and RLUSD grow.

📉This stance comes amid global debates on crypto’s role, with Bailey urging robust oversight.

🚨The warning could influence UK policy, impacting stablecoin adoption. Will regulators tighten control, or balance innovation?

#BankOfEngland #Stablecoin #CryptoRegulation