UK Lords warn BoE could regulate pound stablecoins into irrelevance

The three members of Congress said the volatility of digital assets and “lack of regulation and safeguards” could put Americans’ retirement savings at risk.

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Circle's USDC was built for regulation before the GENIUS Act required it. Here's how Wall Street infrastructure quietly adopted it as the institutional default.

The post British Pound: UK faces tighter policy and sticky inflation – BNP Paribas appeared on BitcoinEthereumNews.com. BNP Paribas expects UK economic growth to slow to 0.7% in 2026 from 1.4% in 2025, with quarterly momentum dropping to about 0.1%. Inflation is projected to rise to 3.4% before easing only gradually, keeping it above the BoE target. Monetary policy is seen tightening by 50 bps in 2026, while 10-year gilt yields stay elevated before falling to 4.30% in 2027. Growth slowdown and delayed relief for gilt yields “Economic activity is expected to slow down in 2026, with growth limited to 0.7% after 1.4% in 2025; following a forecasted +0.4% q/q in Q1, the average quarterly pace would fall to around +0.1%.” “This slowdown would occur against a backdrop of renewed inflationary pressures triggered by the war in Iran: inflation would reach 3.4% y/y before easing only gradually to 3.23% y/y in 2027, remaining well above BoE’s target.” “In this context, and contrary to the initial

Friday, Jamie Dimon, CEO of JPMorgan Chase, once again harshly attacked Brian Armstrong, CEO of Coinbase, and warned that legislators risk the current Clarity Act version failing if they do not address the concerns of conventional banks over stablecoin regulation. During an interview with Fox Business’ Maria Bartiromo, Dimon seemed

The post British Pound rises even as BoE’s Bailey signals no rush for interest rate hikes appeared on BitcoinEthereumNews.com. The British Pound (GBP) trades higher against its major currency peers, but is broadly flat around 1.3455 against the US Dollar (USD), during the European trading session on Monday. The United Kingdom (UK) currency gains even as Bank of England (BoE) Governor Andrew Bailey has signaled that the central bank does not need to rush for interest rate hikes, while warning that the Middle East conflict-led shock has raised concerns over the economic outlook. Pound Sterling Price Today The table below shows the percentage change of British Pound (GBP) against listed major currencies today. British Pound was the strongest against the New Zealand Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD 0.00% -0.08% 0.13% 0.13% 0.04% 0.34% 0.27% EUR -0.01% -0.08% 0.09% 0.14% 0.08% 0.34% 0.25% GBP 0.08% 0.08% 0.17% 0.19% 0.10% 0.39% 0.31% JPY -0.13% -0.09% -0.17% 0.02% -0.07% 0.23% 0.

The post Fed backs stablecoins as BoE says tokenized deposits may win in 5 years appeared on BitcoinEthereumNews.com. Federal Reserve Governor Christopher Waller defended stablecoins during a panel at the 32nd Dubrovnik Economics Conference, placing the tokens in the payments debate rather than the wider crypto risk debate. Summary Waller said stablecoins add payment competition and may extend monetary reach across dollar-linked global markets. Greene said tokenized deposits could overtake stablecoins within five years as banks defend deposit bases. Lummis warned CLARITY Act delays could push U.S. digital asset rules into a 2030 window. Waller said, “I’ve always just looked at stablecoins as a payment instrument; there’s nothing evil about it, nothing dangerous about it.” He added that stablecoins bring more competition into payments and can lower costs, as reported by Reuters. Greene says tokenized deposits may overtake stablecoins Bank of England policymaker Megan Greene gave a diffe

Fed’s Waller backed stablecoins as payment tools, while BoE’s Greene said tokenized deposits may overtake them within five years in banking.