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BOE’s Bailey Declares War on Bank-Issued Stablecoins as Trump’s Crypto Surge Gains Momentum
BOE’s Bailey Declares War on Bank-Issued Stablecoins as Trump’s Crypto Surge Gains Momentum
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Bank of England Governor Andrew Bailey just drew a line in the sand—calling out bank-issued stablecoins as 'unstable by design' amid a pro-crypto push from former President Trump’s camp.
The clash highlights a growing rift between traditional finance gatekeepers and the crypto revolution. Bailey’s skepticism clashes with Trump’s recent embrace of digital assets—turning monetary policy into a political football.
Meanwhile, banks keep pretending they understand blockchain while lobbying for their own watered-down stablecoins. Spoiler: They’ll still charge you 2% for the privilege of using them.
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