Bank of England aims to finalize systemic stablecoin regime by end of 2026

[etfs]

The inquiry comes as the Bank of England moves to finalize rules for so-called “systemic stablecoins” by the end of 2026. These are fiat-linked tokens widely used for retail or corporate payments, which regulators say could affect financial stability and reduce bank deposits.

Sasha Mills, BoE executive director for financial market infrastructure, said the regime could allow systemic stablecoins to hold a deposit account at the Bank of England and access a liquidity backstop. The BoE is coordinating with the FCA to ensure stablecoins meet standards comparable to traditional money in the UK economy.

The inquiry follows the FCA’s consultation on crypto market rules, with full implementation targeted for October 2027, reflecting a broader effort to bring digital assets under comprehensive regulatory oversight.

[tradelikepro]

stablecoins getting a boe deposit account was not on my 2026 bingo card.