The Bank of England (BoE) will begin accepting applications for systemic stablecoins by the end of the year, according to Sasha Mills, Executive Director at the BoE. These stablecoins, which are widely used for payments and could impact financial stability, will be regulated by the central bank. The BoE aims to treat stablecoins as a new form of money without favoring tokenized deposits over stablecoins. Matthew Long, Director of Payments and Digital Assets at the Financial Conduct Authority (FCA), highlighted that while the FCA regulates other stablecoins, there is potential for growth in pound-denominated stablecoins. Mills also pointed out that 99% of global stablecoins are dollar-denominated and do not comply with the U.S. GENIUS Act, noting the UK's alignment with the U.S. regulatory timeline.
Bank of England to Open Systemic Stablecoin Applications by Year-End
This content is for informational purposes only and does not constitute investment advice.
SuperEx Popular Science Articles Column
This collection features informative articles about SuperEx, aiming to simplify complex cryptocurrency concepts for a wider audience. It covers the basics of trading, blockchain technology, and the features of the SuperEx platform. Through easy-to-understand content, it helps users navigate the world of digital assets with confidence and clarity.
Unstaked related news and market dynamics research
Unstaked (UNSD) is a blockchain platform integrating AI agents for automated community engagement and social media interactions. Its native token supports governance, staking, and ecosystem features. This special feature explores Unstaked’s market updates, token dynamics, and platform development.
XRP News and Research
This series focuses on XRP, covering the latest news, market dynamics, and in-depth research. Featured analysis includes price trends, regulatory developments, and ecosystem growth, providing a clear overview of XRP's position and potential in the cryptocurrency market.
How do beginners trade options?How does option trading work?
This special feature introduces the fundamentals of options trading for beginners, explaining how options work, their main types, and the mechanics behind trading them. It also explores key strategies, potential risks, and practical tips, helping readers build a clear foundation to approach the options market with confidence.
What are the risks of investing in cryptocurrency?
This special feature covers the risks of investing in cryptocurrency, explaining common challenges such as market volatility, security vulnerabilities, regulatory uncertainties, and potential scams. It also provides analysis of risk management strategies and mitigation techniques, helping readers gain a clear understanding of how to navigate the crypto market safely.