Bank of England Deputy Governor: Deposit Protection may be needed for Stablecoin Holdings Like Bank Savings

BlockBeats News, January 15th, according to Bloomberg, Bank of England Deputy Governor Dave Ramsden said that the UK may need to provide protection for stablecoin deposits similar to safeguarding bank savings. Ramsden noted on Wednesday that the central bank is considering how to maintain public trust in money if a systemically important stablecoin were to fail.