Bank of England governor says stablecoins could reduce reliance on banks

Bank of England Governor Andrew Bailey said stablecoins could thrive in a system that separates money from credit, reducing the UK’s reliance on commercial banks.
Source: Bank of England governor says stablecoins could reduce reliance on banks (https://cointelegraph.com/news/bank-of-england-andrew-bailey-stablecoins?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)