Bank of England, Andrew Billy, recently warned of banks that issued Stablecoins, saying that the Bank of England should focus on symbolic deposits instead.
Stablecoins provides regular risks to banking institutions that can destabilize the entire financial system, causing sovereign governments to lose control of their currencies, England Bank official He said Sunday Times in an interview.
He also added that the Central Bank of the United Kingdom should not adopt a The digital currency of the Central Bank (CBDC), or in another way, seeks to launch a digital digital code centrally.
Billy is the new head of the Financial Mervice Council (FSB), and he is an international financial organizer, indicating that he will collide with the spread of Stablecoins during his presence on his head.
Stablecoins is one of the largest sectors in encryption and can help in it Increase geography From Fiat currencies by Bring Hanchin payment barsAvoid the need for a powerful banking infrastructure to transport money across the border, and thus add a democratic character to reach major currencies such as the US dollar, the euro and Japanese yen
Related to: Shanghai officials are warm to Stablecoins despite the ban on Chinese encryption: Report
The United States goes to Stablecoins under Trump’s management
The Trump administration has repeatedly said that creating comprehensive comprehensive regulations in the United States is a top priority.
Speaking at the White House digital assets summit, US Treasury Secretary Scott Besin said that Stablecoins will do Extending the dominance of the US dollarEnsure that the dollar is still the global reserve currency.
https://www.youtube.com/watch?
Excessive exporters in the foreground return to digital symbols in banking institutions in banking institutions or short -term American treasury bills, which are very liquid.
By allowing companies to classify American debt tools, the administration can reduce some inflationary pressure on the dollar by spreading the demand for American debt tools for anyone with a mobile phone and encryption wallet.
The President of the Federal Reserve, Jerome Powell, expressed his support for the idea He called for coherent stablecoin policies In the United States.
However, its European counterparts have repeatedly appeared to a warning to Stablecoin’s plans for the United States, and they warned that Stablecoins provided by the dollar poses a threat to the European Union’s financial system and can It replaces the euro completely.
magazine: UNSTABLECOINS: Depeging, Bank running, and other risks waving on the horizon
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