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finstability
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Andrew Bailey (Bank of England) warned of an inevitable regulator conflict due to the dominance of dollar stablecoins, which effectively export US monetary policy to the global payment market.
The lack of unified standards between the US and G7 creates a risk of liquidity fragmentation and regulatory arbitrage, which could force the EU and the UK to impose strict limits on the use of USDT/USDC in favor of local regulated stablecoins or CBDCs.
#Stablecoins #Regulation #BankOfEngland #FinStability #DollarDominance
The lack of unified standards between the US and G7 creates a risk of liquidity fragmentation and regulatory arbitrage, which could force the EU and the UK to impose strict limits on the use of USDT/USDC in favor of local regulated stablecoins or CBDCs.
#Stablecoins #Regulation #BankOfEngland #FinStability #DollarDominance
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