UK to legalise Stablecoins

as revealed by Prince Charles in The Queen’s Speech. About a two minute read.

Comment: yes, pretty bold given the markets are still reeling due to the collapse of Terra. Note Algorithmic stable coins won’t be legalised, only those back by fiat such as Tether (USDT) or USD Coin (USDC). But this is sensible, those Algo coins always were more than a little troublesome, even before the collapse of Terra last week.