đŹđ§ UK just dropped a bombshell on money itselfâŠ
The Bank of England is signaling a future where stablecoins arenât just payment tools â they could sit at the heart of the financial system.
đ„ Governor Andrew Bailey laid it out:
Stablecoins might cut our reliance on banks (splitting money from credit).
UK-issued stablecoins could soon get access to BoE accounts đ.
This isnât just âfaster paymentsâ â itâs a blueprint for a whole new money system.
But⊠industry players are already pushing back, saying caps will strangle innovation.
Why it matters đ For centuries, banks made money by lending. Now? Blockchain-native stablecoins could directly rival bank-issued credit. Thatâs not just a shift â thatâs a financial earthquake.
The UK is standing at a crossroads: play it safe âïž or pioneer the next layer of finance đ.
#UK #Stablecoins #DigitalPound #MarketUptober #Write2Earn $USDC $XRP