Bank of England’s stablecoin goals; can stablecoins fix US debt?

Homepage > News > Finance > Bank of England’s stablecoin goals; can stablecoins fix US debt? England’s central bank has received new stablecoin marching orders, while America’s fiscal future may depend on how big the stablecoin market can grow. Bank of England handed new stablecoin objective U.S. Treasury playing beat the clock with GENIUS Act rulemaking Bessent’s bond market intervention fails, can stablecoins save the day? Stablecoin market cap reverses three-month slide, but be wary of AI agents Revolut launch EURR, Anchorpoint launch HKDAP The U.K. government said Thursday that it will give the Bank of England (BoE) a new objective of ensuring that “UK payments regulation keeps pace with technological change and create conditions for innovation.” However, this new payment innovation objective “will sit below” the BoE’s primary objective of ensuring financial stability. The BoE already has a secondary objective to facilitate financial innovation, including digital settlement via stablecoins. But City Minister Lucy Rigby said the new role will help the BoE “drive innovation in payments and digital finance, ensuring that the UK remains a global leader in financial service...