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Bank of England Governor Warns: Stablecoins Threaten Public Trust in Currency

Summary: In a recent statement, Bank of England Governor Andrew Bailey warned that the rise of stablecoins could undermine public trust in currency, as experts raise concerns about the widespread adoption of cryptocurrencies backed by the US dollar.

In a recent statement, Bank of England Governor Andrew Bailey warned that the rise of stablecoins could undermine public trust in currency, as experts raise concerns about the widespread adoption of cryptocurrencies backed by the US dollar.

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