Regulation· ★★★★· neutral·

Bank of England in no rush on digital pound, points to stablecoins and tokenized deposits

  • —Deputy Governor Sarah Breeden said a digital pound 'may not be needed so quickly'
  • —BoE is upgrading RTGS to enable 24/7 instant settlement while keeping central bank money as the settlement asset
  • —Three dominant sterling stablecoins are expected, each with £40bn in demand
  • —The central bank will strengthen stablecoin regulation and integrate them into the payment system
Why it matters: A major central bank signaling it may cede retail payments to private stablecoins reshapes the outlook for issuers and regulators.
Source: Bloomingbit
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