The Bank of England has unveiled a new initiative aimed at monitoring stablecoins and assessing their implications for the financial system. This project, developed in collaboration with the Bank for International Settlements (BIS), seeks to enhance regulatory oversight of stablecoins, ensuring they operate within a secure framework. The central bank's proactive approach reflects growing concerns about the risks posed by stablecoins in the evolving financial landscape.Read more on Decrypt
UK Central Bank Showcases Project for Monitoring Stablecoins
