🏦BOE Governor: Tokenized Bank Deposits > Stablecoins
🔈Andrew Bailey says he’s not a fan of banks dropping their own stables.
⚠️Stablecoins = “systemic risk” + pulling money out of the traditional credit system.
📉He argues they could drain the banking system and mess with how credit’s created.
🔗Bailey prefers tokenized deposits—same money, just digitized under bank control.
📈FYI: Stablecoins ballooned from $125B to $255B in under 2 years... and regulators are watching.
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