UK Risks Falling Behind US and EU in Stablecoin Race

[mendez]

Industry representatives told lawmakers that the UK could lose ground in the global stablecoin race if its regulatory framework proves too restrictive. Coinbase pointed to the US’s Guiding and Establishing National Innovation for US Stablecoins Act and the EU’s Markets in Crypto-Assets Regulation as examples of regimes positioning themselves to attract innovation.

The debate revealed sharp divisions. Critics such as US law professor Arthur Wilmarth Jr labeled the American approach a “disastrous mistake” for letting non-banks into the money business, while fintech advocates warned that excessive caution could leave Britain as a less competitive second mover. The outcome of the inquiry may determine whether the UK becomes a leader — or a laggard — in the evolving stablecoin economy.

[johnblockbuster]

uk could lead the stablecoin race or just watch the us and eu speed past like it’s a sunday stroll