Weak American rules around dollar coin redemptions could export run risk straigh...

…The Bank of England just said the quiet part out loud. Governor Andrew Bailey told the world a regulatory showdown is coming with the United States and the battlefield is stable coins. His argument is simple yet dangerous. Weak American rules around dollar coin redemptions could export run risk straight into the British financial system. One US stable coin failure, one bad redemption window and London absorbs the panic. That is the official position. But underneath the central banker language is something far bigger. Because this isn't really about consumer protection. It's about the United Kingdom watching American dollar stable coins quietly take over the global digital economy and deciding it's time to fight back. First, Europe moved against Tether through Mik…