![Governments and Central Banks Continue to Be Necessary with ‘Stable Coins’ and Cryptocurrencies](/content/images/size/w600/wp-content/uploads/2020/09/governments-and-central-banks-continue-to-be-necessary-with-stable-coins-and-cryptocurrencies.jpg)
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Governments and Central Banks Continue to Be Necessary with ‘Stable Coins’ and Cryptocurrencies
September 8, 2020—Could so-called “stable coins” be the currency of the future? That’s what Andrew Bailey, governor of the Bank of England projected in a Thursday webinar on cryptocurrencies like Bitcoin. Such a shift might increase the speed of payments and lower the cost of currency, especially in