Stablecoins have become a widely used means for cross-border transactions, particularly for retail payments and other remittances abroad. Despite the growing adoption, some in banking circles have expressed doubts about these digital assets pegged to fiat currencies. A leading banking figure even warned the world's largest banks against issuing their own stablecoins.
The article Bank of England: Stablecoins in the crosshairs, tokens in the sights first appeared on Cointribune.
