Bailey, who chairs the Financial Stability Board, warned that hard-to-redeem U.S. stablecoins could flood into jurisdictions like the UK during a crisis.
BoE’s Bailey warns of looming ‘wrestle’ with US over stablecoin rules, flags run risk for UK
Bailey, who chairs the Financial Stability Board, warned that hard-to-redeem U.S. stablecoins could flood into jurisdictions like the UK during a crisis.