Tag: Andrew Bailey

Stablecoins: Private Digital Dollars Push the Perimeter—Why Central Banks Are Sounding the Alarm

Stablecoins Ben - July 6, 2025

Bank of England Governor Andrew Bailey used a high-profile speech at the ECB’s Sintra forum to warn that fast-growing stablecoins “threaten the public’s trust in money.” His remarks echo a widening chorus—from the BIS to the FSB—arguing that privately issued, dollar-pegged tokens could fracture the “singleness of money,” trigger runs on reserves, and export systemic risk into the traditional banking stack.

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