Bank of England Deputy Governor: The UK's stablecoin regulatory framework will be developed in sync with the United States

According to Bloomberg, Bank of England Deputy Governor Sarah Breeden stated that the UK's new stablecoin regulatory framework will be implemented "as quickly as in the U.S." in response to industry concerns that the UK may be lagging in establishing a stablecoin regulatory regime.

Breeden pointed out that there are differences between the UK and the U.S. in terms of restrictions on stablecoin holdings, primarily because the UK mortgage market is more reliant on commercial bank loans.