BoE official links stablecoin growth to stronger dollar dominance
Bank of England Financial Policy Committee member Carolyn Wilkins said rising stablecoins could reinforce the US dollar’s global dominance and increase demand for US Treasuries.
Carolyn Wilkins, a member of the Bank of England’s Financial Policy Committee, said the rise of stablecoins could reinforce the US dollar’s global dominance and lift demand for US Treasurys, highlighting how the expanding market for digital dollars could have effects well beyond crypto.