Deep Tide TechFlow News, January 15, according to Bloomberg, Bank of England Deputy Governor Dave Ramsden stated that the UK may need to provide protection for stablecoin deposits similar to safeguarding bank savings. Ramsden on Wednesday indicated that the central bank is considering how to maintain public trust in the currency if systemically important stablecoins fail.
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Deep Tide TechFlow News, January 15, according to Bloomberg, Bank of England Deputy Governor Dave Ramsden stated that the UK may need to provide protection for stablecoin deposits similar to safeguarding bank savings. Ramsden on Wednesday indicated that the central bank is considering how to maintain public trust in the currency if systemically important stablecoins fail.