Bailey dey urge for stablecoin rules, e dey back tokenized deposits

Bank of England Governor Andrew Bailey don yan warn say private stablecoins fit cause gbege for money mata and don call make dem put correct strong hand regulate stablecoins. E ask regulators make dem treat stablecoins like bank money wey dey safe and make dem focus on tokenized deposits wey bank reserves dey back. Bailey show say UK digital pound CBDC work go slow because ECB dey try pilot digital euro and China dey roll out digital yuan. E talk say unregulated stablecoins fit cause wahala if crisis happen, make people quick sell reserves. Traders suppose watch UK policy papers and global regulation update wey dey come, because strong regulation fit make people want regulated tokens more and e dey fit change short term trading plans.