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 … Read more
U.S. Treasury Secretary Scott Bessent believes that the cryptocurrency industry will become one of the key buyers of U.S. government bonds in the coming years. Of particular importance, he said, will be stablecoins — digital assets backed by currencies and highly liquid securities like Treasuries. Bessent has already held talks with leading issuers, including Tether … Read more
By Terry Ashton, updated February 12, 2025 In recent years, the rise of cryptocurrencies has sparked discussions about the future of money. One of the key debates is stablecoins vs. fiat currencies. While both serve as mediums of exchange, they have fundamental differences in structure, stability, and control. Stablecoins reshape financial stability by offering an … Read more