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Bank of England deputy governor points to SVB, Circle in cautious stablecoin approach

Bank of England Deputy Governor Sarah Breeden has warned that softening the UK's proposed stablecoin rules could jeopardize financial stability, citing the collapse of Silicon Valley Bank and the brief loss of dollar parity by Circle's USDC token as reminders of how quickly confidence can evaporate in digital finance. Her comments come a day after [...]

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