PANews, July 14 - Andrew Bailey, the Governor of the Bank of England, warned in an interview with the Sunday Times that the issuance of stablecoins by banks could pose systemic risks, threaten the stability of the financial system, and potentially lead to a loss of control over sovereign currencies. He suggested that the Bank of England should focus on deposit tokenization rather than launching a central bank digital currency (CBDC) or centralized digital fiat currency. Bailey currently serves as the chairman of the Financial Stability Board (FSB) of international financial regulatory bodies, which may strengthen regulation of stablecoins in the future. Additionally, officials from several European countries have expressed concerns about the U.S. push for dollar stablecoin plans, believing it could threaten the status of the euro.