Andrew Bailey: Stablecoins Need International Unified Standards

AiCoin2026/05/10 00:28

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According to Reuters, Bank of England Governor Andrew Bailey stated at the Financial Imbalances Conference on May 8 that in order for stablecoins to be integrated into the global payment system, an internationally unified standard must be established, which will involve a contest with the Trump administration. He warned that some US stablecoins carry liquidity risks and may be unable to be directly exchanged for US dollars during a crisis, potentially triggering a flow of funds into jurisdictions such as the UK.

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