UK wants to allow Bank of England to oversee stablecoins

UK wants to allow Bank of England to oversee stablecoins

The recent crash of Terra’s algorithmic stablecoin UST has caused a huge crisis for cryptocurrencies. Many are worried about the situation. It is in this context that the United Kingdom government has proposed additional security measures to be implemented to prevent collapses of stablecoins seriously harm future financial stability. The UK government wants to secure … Read more