The Bank of England’s core mission is to promote the good of the people of the UK by maintaining monetary and financial stability. Trust in money is a critical part of that mission, and it has never been more relevant than now. As innovation in money and payments accelerates, including through the growth of stablecoins, it is our job to ensure that the public can have the same trust in new forms of money as they do in existing ones. With that comes great opportunities. We are designing a regulatory regime for stablecoins that is fit for the future. Our focus is on possible future use in real world payments and ... (full story)