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Stablecoins threaten financial stability, says Bank of England governor Andrew Bailey

Rony Roy
July 14, 2025
stablecoins-threaten-financial-stability,-says-bank-of-england-governor-andrew-bailey
Stablecoins threaten financial stability, says Bank of England governor Andrew Bailey
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Bank of England governor and cryptocurrency skeptic Andrew Bailey has advised banks to avoid issuing stablecoins. According to Bailey, stablecoins pose systemic risks to financial stability and threaten the very nature of money if not properly regulated. He warned that…

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