It is the Treasury’s intent to regulate stablecoins across Britain, as revealed in the Queen’s Speech. During the speech, Prince Charles announced the introductions of new legislation across various sectors, including measures to drive economic growth to improve living standards in the region.
However, the Treasury’s plan does not involve legalizing algorithmic stablecoins and instead prefers 1:1 fully backed stablecoins like Tether (USDT) or USD Coin (USDC).
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now