boe speech, 2025-05-06
As I see it, it would be helpful to differentiate more clearly between 'payments coins' being used in the real world, which are the focus of the Bank's regime, and other types of stablecoin, which have more investment use cases, or indeed play a settlement role in the crypto ecosystem (and which, in the UK, the Financial Policy Committee does not currently judge to be systemic).
Sentiment: neutral
Topic: financial_stability