Bank of England Calls Stablecoins a New Form of Money

TLDR The Bank of England will open applications for systemic stablecoin issuers before the end of the year. The central bank will treat stablecoins as a new form of money under its upcoming regulatory framework. Systemic stablecoins used widely for payments will fall under direct Bank of England supervision. Stablecoins that are not systemic will [...]

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