Levelling the playing field for stablecoins
Regulatory asymmetries are a barrier to innovation in digital payments
A recent Bank of England discussion paper could shake up the race to provide faster payments.
Non-bank fintechs and payment service providers (PSPs) are leading the way in developing the technology for real-time – also known as T0 – payment and settlement systems for stablecoins. These firms are currently outside the regulatory perimeter but will likely prefer to operate within it if given a level playing field. Meanwhile, regulated banks such as JP Morgan that already offer near-T0 payments and
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