Bank of England calls for synchronization in stablecoin regulation with the U.S.

The Deputy Governor of the Bank of England, Briden, has just released a thought-provoking message: the U.S. and the UK need to be on the same page when it comes to regulating stablecoins.

The idea is clear: if each country goes its own way, stablecoins will exploit the regulatory gap as always. With Wall Street and the City on each other's heels, any crack in coordination becomes a loophole for traders.

It is clear that after the FTX incident and the chaos of Terra, central banks are paranoid (rightly so). Synchronizing regulations among financial powers is not just politics; it is imperative to prevent stablecoins from becoming the next time bomb of the financial system.