🚨 The total market value of stablecoins has already surpassed $230 billion, yet the Bank of England wants to “add tasks” for itself—what does this mean for the crypto market?
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The UK government has formally proposed adding a “second objective” to the Bank of England: supporting stablecoins and innovation in digital payments. Financial stability remains the central bank’s primary duty, but going forward, it will also need to serve as a “booster” for digital finance. The minister responsible for city policy, Lucy Rigby, stated clearly that this change is intended to help the central bank continue driving innovation in digital finance. Currently, the central bank already has similar powers to innovate for clearing houses and custody institutions; this time, it is explicitly expanding the scope to stablecoins.
Making it concrete: the global stablecoin market cap has topped $230 billion, with USDT and USDC together accounting for more than 90%. Stablecoins are no longer a “backstreet operation”—they have become the “U.S. dollar channel” for the crypto market. The UK isn’t just signaling with words this time—the bill is already in the legislative process, and the House of Lords debate will take place in September.
Cross-analysis: the U.S. is pushing forward a regulatory framework for stablecoins, the EU has fully implemented MiCA, and now the UK is catching up. The three major financial hubs are writing stablecoins into their rules at the same time, indicating that stablecoins are moving from the gray area to becoming part of the “mainstream.” What’s truly worth watching isn’t just the central bank adding another goal—it’s that stablecoins are becoming the entry point to “digital dollars” that countries compete to control. Whoever controls the channel controls the future payments infrastructure.
Risk hedging: a splash of cold water—there’s still a long way from legislation to implementation. The House of Lords debate may modify the provisions, and there won’t be a direct impact on coin prices in the short term, so don’t get carried away chasing pumps.
👀 Do you think the Bank of England will do “strategic reserves” like the U.S.? Let’s discuss in the comments!
Click the avatar to watch the livestream and lock in Jiuji Daily Strategies 🚀
#稳定币 #英国央行 #加密监管 #数字支付 #USDC
Group: 点击进入玖玖的粉丝群
The UK government has formally proposed adding a “second objective” to the Bank of England: supporting stablecoins and innovation in digital payments. Financial stability remains the central bank’s primary duty, but going forward, it will also need to serve as a “booster” for digital finance. The minister responsible for city policy, Lucy Rigby, stated clearly that this change is intended to help the central bank continue driving innovation in digital finance. Currently, the central bank already has similar powers to innovate for clearing houses and custody institutions; this time, it is explicitly expanding the scope to stablecoins.
Making it concrete: the global stablecoin market cap has topped $230 billion, with USDT and USDC together accounting for more than 90%. Stablecoins are no longer a “backstreet operation”—they have become the “U.S. dollar channel” for the crypto market. The UK isn’t just signaling with words this time—the bill is already in the legislative process, and the House of Lords debate will take place in September.
Cross-analysis: the U.S. is pushing forward a regulatory framework for stablecoins, the EU has fully implemented MiCA, and now the UK is catching up. The three major financial hubs are writing stablecoins into their rules at the same time, indicating that stablecoins are moving from the gray area to becoming part of the “mainstream.” What’s truly worth watching isn’t just the central bank adding another goal—it’s that stablecoins are becoming the entry point to “digital dollars” that countries compete to control. Whoever controls the channel controls the future payments infrastructure.
Risk hedging: a splash of cold water—there’s still a long way from legislation to implementation. The House of Lords debate may modify the provisions, and there won’t be a direct impact on coin prices in the short term, so don’t get carried away chasing pumps.
👀 Do you think the Bank of England will do “strategic reserves” like the U.S.? Let’s discuss in the comments!
Click the avatar to watch the livestream and lock in Jiuji Daily Strategies 🚀
#稳定币 #英国央行 #加密监管 #数字支付 #USDC
