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Crypto
Fed and BoE officials split on stablecoins: boost competitiveness or fade within years
U.S. and British central bank officials offered contrasting views on dollar-based stablecoins. Federal Reserve Governor Christopher Waller said wider use of dollar-pegged stablecoins could increase the global influence of U.S. monetary policy by effectively importing U.S. financial conditions into other countries. Bank of England policymaker Megan Greene said stablecoins could be pushed to the sidelines within years, and that tokenised deposits may have greater long-term momentum.
Crypto
Bank of England sets out tokenisation-led finance modernisation plan, stablecoin rules draft due in June
Bank of England Deputy Governor Sarah Breeden set out a strategy to modernise Britain’s financial system with tokenisation at its core. Speaking at the City Week 2026 conference in London, she said future retail payments should be built on interoperable forms of money including tokenised deposits and stablecoins. She said distributed ledger technology could cut intermediaries and speed up payments, and that smart contracts could raise efficiency.
Crypto
Bank of England reconsiders reserve rules for pound stablecoins
The Bank of England is re-examining holding limits and reserve requirements it planned to apply to pound-denominated stablecoins. It is weighing whether to keep temporary caps on how much individuals and companies can hold and whether requiring at least 40 percent of reserve assets to sit as non-interest-bearing deposits at the central bank is too conservative. The review follows industry concerns that the rules would be hard to supervise and would hurt profitability.
