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Bank of England Deputy Governor Brendon: Stablecoins can enable faster and lower-cost payments.
The Deputy Governor of the Bank of England, Sarah Breeden, stated that stablecoins are expected to accelerate cross-border capital flows and drop costs. As regulatory plans progress, stablecoins will gradually move toward the mainstream and support cross-border transactions and tokenization of securities. The Bank of England plans to launch a revised stablecoin regulatory consultation within the year.
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