UK Must Develop Pound Stablecoins to Stay Competitive in Finance

TLDR Mark Fairless, CEO of ClearBank, advocates developing British pound stablecoins to maintain the UK’s financial competitiveness. Fairless stresses that the UK risks falling behind in global finance if it does not create a stablecoin backed by the British pound. The Bank of England is developing regulatory frameworks for stablecoins to ensure their safe integration [...]

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