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

UK Lawmakers have started a formal House of Lords inquiry into stablecoins, seeking evidence through March 11, as regulators draft a regime for systemic issuers. The review will weigh effects on payments, savings, market structure, and risks from shifts out of bank deposits that could reduce credit. The post UK Lawmakers Probe Stablecoins as Bank of England Warns of Deposit Drain Risk appeared first on Cryptonews.