Stablecoin News Updates
No idea why, but stablecoins have been trending heavily between yesterday and today.
The BBC reports that the U.K. Treasury is considering the introduction of a new digital Pound (GBP). The Economic Secretary to the Treasury and British MP, Andrew Griffith, cited the Financial Services and Markets Bill currently being debated in Parliament would help establish a regime to target central bank cryptocurrencies like CBDCs. However, Mr. Griffith noted that it would take time for the U.K. to develop a regulatory framework, aiming for being right than being first. 💂♂️