UK starts thinking about stablecoin protection. 🇬🇧💷
The Bank of England says widely used stablecoins might need protection similar to bank deposit insurance, to keep public trust safe in case a stablecoin collapses.
This means: stablecoin holders could have priority claims in bankruptcy. Stablecoin regulation is targeted for release by the end of this year.
👀 Traditional finance x crypto are getting closer, slowly but surely.