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Outlook 2026: Stablecoin fretting will calm down
Stablecoins dominated the financial discourse in 2025. But is their tale one of sound and fury, as Macbeth might have it, which – after their hour of strutting and fretting – signifies nothing? Traditional finance, aided by regulators and central banks outside the US and sheer heft within it, is moving to beat them, or at least co-opt them. UK digital finance regulation has been a messy but instructive journey. The Bank of England was an early pioneer in ‘synchronisation’ with distributed ledger technology market participants but resisted the notion of stablecoins for systemic use, citing the risk that they ... (full story)