#StablecoinLaw #CryptoMarket4T
Stablecoins, which are digital coins linked to real money like the dollar, are becoming very popular. There are already about $250 billion in stablecoins, and this number may grow even more. Because of this, the Bank of England is thinking about stopping its plan for a digital pound. They believe private stablecoins might do the same job. The Bank's leader, Andrew Bailey, says tokenized bank deposits could be a better and safer option than creating a new digital currency.
