UK Align Stablecoin Regulation Wit US Timeline

For November 10, Bank of England go drop consultation paper wey go talk their stablecoin regulation, dem wan align UK framework with US GENIUS Act time timeline. Deputy Governor Sarah Breeden talk say dem get detailed rules for digital payment tokens, issuer requirements, operational standards and risk control. Dis na response to coordinated effort between UK and US regulators and finance ministries after Chancellor Rachel Reeves meet US Treasury Secretary Scott Bessent. The new framework dey address regulatory lag worries and e wan promote innovation while dem dey make sure market stability dey gidigba. At the same time, Canada dey plan for 2025 budget for national stablecoin regime with full reserves plus strong controls. Company demand dey increase as Western Union, SWIFT, MoneyGram plus Zelle dey integrate stablecoin solutions. US Treasury project say the $310 billion stablecoin market fit reach $2 trillion by 2028, showing say clear and harmonized regulation dey needed to support future market growth.