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UK Lawmakers Probe Stablecoins as Bank of England Warns of Bank Deposit Drain Risks

UK Lawmakers Scrutinize Stablecoins as Bank of England Flags Deposit Drain Threat Stablecoins, the crypto assets designed to hold steady value by pegging to fiat currencies, are facing intense scrutiny in the UK as lawmakers and regulators wrestle with their rapid rise. The House of Lords Financial Services Regulation Committee has launched a formal inquiry […]

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