🏦 Bank of England Governor Sounds Alarm on Stablecoins

Breaking: BOE's Andrew Bailey warns against bank-issued stablecoins, pushing for tokenized deposits instead.

🔥 Key Concerns:

✔️ Systemic risk to traditional banking

✔️ Threat to government monetary control

✔️ EU fears US stablecoin dominance could destabilize markets

💡 Global Stablecoin War Heats Up:

▪️ US pushes pro-stablecoin policies to strengthen dollar

▪️ Europe resists, citing financial sovereignty risks

▪️ BOE wants CBDCs/tokenized deposits as "safer" alternative

#Stablecoins #BankofEngland #USDT #Regulation #DeFi

Should banks issue stablecoins? 👇 Debate below!

(Not financial advice. Regulatory storm brewing.) ⚡