UK on way to wholesale stablecoin payments
Government official says private stablecoin likely to arrive before digital pound
The UK is a “long way down the road” towards wholesale stablecoin payments, a government official has told a parliamentary committee.
Treasury financial services minister Andrew Griffith made the comments to the UK parliament’s Treasury Committee on January 10.
The first use case of a digital pound – the potential central bank digital currency (CBDC) being researched by the Treasury and Bank of England – would probably also be in the settlement of wholesale financial transactions, Griffith
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