UK digital pound on hold as stablecoins lead the way in transformation
Bank of England Deputy Governor Sarah Breeden noted that progress on launching a digital pound has slowed, with attention shifting to the disruptive impact of stablecoins on the role of central bank money. Upgrades to financial market settlement capabilities and reforms to the RTGS system point to a promising future for digital settlement.
Bank of England Deputy Governor Sarah Breeden noted that progress on launching a digital pound has slowed, with attention shifting to the disruptive impact of stablecoins on the role of central bank money. Upgrades to financial market settlement capabilities and reforms to the RTGS system point to a promising future for digital settlement.