The Deputy Governor of the Bank of England, Mr. Briden, emphasized the importance of close cooperation between the United States and the United Kingdom in managing stablecoins. He stated that as digital currencies and blockchain-based payment systems continue to thrive, global coordination is necessary to ensure financial stability and protect consumers.
Briden stated that stablecoins – digital assets pegged to traditional currencies – could play an important role in the future of international payments, but only if they are managed transparently and rigorously. Synchronizing the legal framework between the US and the UK will help avoid market fragmentation, reduce risks in cross-border transactions, and promote innovation in the financial technology sector.
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