The Bank of England is preparing rules for stablecoins

Sarah Breeden, Deputy Governor of the Bank of England, said that stablecoins can become an important tool for speeding up and reducing the cost of cross-border transfers.

Speaking in London, she stressed that the world is moving towards a «multi-currency system» where there will be a place for digital stable assets. According to her, stablecoins are gradually moving beyond the crypto market and becoming part of the mainstream.

Breeden noted that the safe implementation of such tools will not only improve the efficiency of international settlements, but also support the development of tokenized securities trading.

The Bank of England is preparing its own regulatory framework, while drawing on the experience and legislative initiatives of the United States aimed at integrating stablecoins into the financial system.